Allow 3-month moratorium on all loans: RBI to banks
Reserve Bank of India today asked all banks and lending institutions in the country to allow a three-month moratorium on all loans in view of coronavirus outbreak. Talking to journalists in Mumbai, the central bank’s Governor Shaktikanta Das said, “Lending companies, banks are allowed tom defer interest on working capital repayments by three months. Banks may also reassess working capital… Continue reading "Allow 3-month moratorium on all loans: RBI to banks"