Syndicate Bank has extended the facility for restructuring of the loan, to provide a breather to all of its Micro, Small and Medium Enterprises (MSME) customers. This will provide them a flexible repayment option and prevent their accounts from being classified as Non-Performing Assets (NPAs).
Restructuring of loan is a facility given to customers to reschedule the repayment structure of their loan accounts. The provision is given to those customers whose units are under stress due to various internal or external reasons, thereby helping them to stabilise their business over time.
Syndicate Bank is one of the oldest and major commercial banks of India.
