Quote on RBI announcement By Kiran Chonkar, BDO India
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Below are Quote on RBI announcement from Kiran Chonkar, Partner - Resolution Advisory, BDO India
* The initiatives announced by the RBI to protect the interest of small borrowers and MSMEs impacted by the pandemic are judicious and shall benefit and assist the business segment to tide over the current uncertainties and help them emerge stronger in the medium to long run.
* The steps announced by the RBI Governor towards restructuring of loans of small borrowers and MSMEs are timely and prudent. However, the pandemic has affected the industry across segments. A roll-out of broader relief measures applicable to mid-corporate & large borrowers and towards sectors heavily impacted by the pandemic such as hospitality would have been welcome.
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