.png "RBI Eases Relief Norms for Disaster-Affected Borrowers")
- The new guidelines, effective July 1, 2026, allow lenders to provide automatic “suo motu” relief without waiting for borrower requests, with a 135‑day opt‑out window.
- Eligibility is restricted to standard accounts not overdue by more than 30 days, ensuring relief goes to otherwise sound borrowers.
- Relief measures include loan restructuring, moratoriums, additional financing, and fee waivers, while restructured NPAs can be upgraded back to Standard once the plan is implemented.
- Banks must make an additional 5% provision on such accounts, balancing relief with prudence.
- Operational flexibility is granted — banks can set up temporary branches, mobile units, and restore ATMs quickly in disaster‑hit areas.
- Resolution plans must be invoked within 45 days of calamity notification and implemented within 90 days thereafter.
Question:
Q.1 As per the Reserve Bank of India guidelines, borrowers are allowed what duration to opt out of automatic relief?a) 90 days
b) 120 days
c) 135 days
d) 180 days
Answer: c) The new guidelines, effective July 1, 2026, allow lenders to provide automatic “suo motu” relief without waiting for borrower requests, with a 135‑day opt‑out window.
