RELIEF MEASURES IN AREAS AFFECTED BY NATURAL CALAMITIES

MUMBAI, India, Jan. 27 -- Reserve Bank of India issued the following press release:

Reserve Bank had announced, as part of the Statement on Developmental and Regulatory Policies dated June 08, 2023, to issue guidelines rationalising the extant prudential norms for implementation of resolution plans in respect of exposures affected by natural calamities, inter alia harmonising the regulatory instructions applicable to different Regulated Entities (REs). Based on a comprehensive review of the existing regulatory instructions, including the scope, coverage and prudential requirements, the following draft Directions are being issued for public comments.

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Commercial Banks - Relief Measures in areas affected by Natural Calamities

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