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RBI lets banks grant disaster borrower relief automatically starting July 2026
Economy
Published on 29 April 2026
No requests needed as RBI authorizes automatic relief
The RBI has issued new guidelines allowing banks to provide relief to all borrowers in disaster-hit areas without waiting for requests. Effective from July 1, 2026, banks can extend existing measures, waive fees for up to a year, and keep services running via temporary premises and satellite offices. ATM restoration is also mandated promptly.
- Banks can grant disaster relief to all borrowers without requests
- Guidelines take effect from July 1 2026
- Fee waivers may be offered for up to one year
- Temporary premises, satellite offices, and quicker ATM restoration
Read the full story at The Economic Times
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The Economic Times