UCO Bank extends Rs 127 crore relief to 2,000 borrowers under recast scheme 2.0

The RBI had in May come up with the second restructuring package that aims to restructure loans in view of the uncertainties created by the resurgence of the Covid-19 pandemic during the second wave subject to certain conditions for small borrowers who have taken loans of up to Rs 25 crore, and had doubled the threshold later.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pwu9br