POLICY ON RESOLUTION FRAMEWORK 2.0 FOR COVID-19 RELATED STRESS
THE RESURGENCE OF COVID-19 has again impacted the economic activity in the Country. The second wave of the pandemic may lead to stress among individual and business enterprises considering the slowdown in economic activity. To provide relief to such impacted borrower segments, RBI vide its’ circular “DOR.STR. REC.11/21.04.048/2021-22 dated May 5, 2021” and “DOR.STR.REC.12/21.04.048/ 2021-22 dated May 5, 2021” announced Resolution framework 2.0 for individuals, small businesses and MSME borrowers.
In line with the directions of RBI, ICICI Home Finance Company Ltd (Company) has put in place a Board approved policy to extend relief to borrowers impacted due to COVID-19 related stress under Resolution framework 2.0
Important Links for Resolution Framework 2.0
FAQ on Resolution Framework 2.0
Application Form for Resolution plan