RBI lets banks offer disaster relief without waiting for borrower requests from July 1

Relief powers expanded before the new framework starts

The RBI has authorised banks to grant natural calamity relief on their own, effective July 1. Borrowers affected by weather disruptions can receive rescheduling, moratoriums, and extra finance without filing a request first. The rollout of a new resolution framework has been deferred to July 1, aiming to speed support for those facing immediate repayment stress.