POLICIES/ SCHEMES New Restructuring Scheme
POLICIES/ SCHEMES 
| Coverage | All NPA Cases |
|---|---|
| Cut off Date | 31st March, 2022 |
| Restructuring of Loan Account | i. Interest to be recalculated @ 12.25% (simple) since 1st April, 2020.(In place of 15.25% p.a. contracted rate) ii. Outstanding Principal to be rescheduled with extension of repayment period iii. Outstanding Principal to be charged @ 12.25% p.a. for the remaining period till the closure of loan account iv. Other conditions shall remain unchanged |
| Interest Payment | Entire Overdue interest (as revised) to be paid by the concern |
| Payment Schedule of Principal Outstanding | The principal installments shall be rescheduled with maximum time extension of two years in repayment period. |
| Current Dues | The borrower shall continue to pay principal and interest falling due after restructuring of loan account. |
| Special Conditions | In the event of default in future after restructuring, original contracted rate of interest shall be re-instated |