Resolution Framework 2.0:
The present world is going through a very bad phase heavily affected by the pandemic called covid 19. Most of the economy is trying their level best to implement certain policies and reforms to maintain the economic equilibrium even during this period.
Different types of relaxation and all the other types of exceptions which have been about the credit rating agencies are the bureaus are massively backed up by the business sectors.
All these kinds of effort have wings relief to some extent as the restructuring of the accounts will be treated as the name of ” restructured due to covid 19 ” done to transfer the information to make the credit rating agencies understand that it is rich structured and it is different from that of which are included in the calculation of the credit score.
After the first wave, nobody had expected that the second wave of covid-19 would ramp India. The massive outbreak of the covid-19 during the second wave has done a massacre in the Indian population. On the fifth day of my 2021 Reserve Bank of India decided to implement the resolution framework 2.0 scheme to help the individual, businesses and many MSMEs.
On the other hand, we can see that there are limitations which wire upto rupees 25 crores, and those who were marked as standard in March will be eligible for the Resolution Framework two scheme.