RBI vide notification Nos. RBI/2019-20/186 dated 27 March 2020 regulatory measures were announced to mitigate the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to ensure the continuity of viable businesses.
The details Instructions were given regarding (i) Reschedulement of payments – Term Loans and Working Capital limits, (ii) Easing of working capital financing, (iii) Classification as Special Mention Account (SMA) and Non-performing Asset (NPA) and (iv) other conditions. Complete details relief packages can be read through the below link.
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11835&Mode=0