#disaster-relief
RBI eases disaster loan recast norms, mandates 5% provisioning by banks, NBFCs
The revised rules will come into effect from 1 July 2026 and will apply prospectively, with existing restructured accounts continuing under the current framework unless a fresh plan is invoked.
RBI overhauls framework for Banks for handling loans affected by natural disasters
A “natural calamity” is as any event recognized under official disaster relief frameworks such as the National or State Disaster Response Funds.