(Deepshikha Gautam, Intern Journalist) New Delhi: The Reserve Bank of India has allowed banks to restructure debt. That is, you can reduce the loan installment by increasing your loan term. However, the benefit of this facility will be available to the regular loan repayers till 31 march 2020. RBI Governor Shaktikant Das announced this on Thursday that holders facing financial crisis who are not in a position to repay the loan installment can get the loan restructured. Under this, the borrowers can restructure the loan for their personal credit, education loan, and financial assets (shares, bonds, mutual funds).
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