RBI Tightens Disaster Loan Restructuring Norms to Bolster Financial Stability
New Regulatory Standards for Disaster Relief The Reserve Bank of India (RBI) announced a significant overhaul of its disaster loan restructuring framework this week, mandating that banks and Non-Banking Financial Companies (NBFCs) maintain a 5% provisioning requirement for all restructured accounts. Effective July 1, 2026, these revised guidelines aim to create a more robust financial…