RBI: Three month moratorium for payment of loans

March 27, 2020 11:11

All commercial banks including regional rural banks, cooperative banks, NBFCs (including housing finance companies) and lending institutions are being permitted to allow a moratorium of three months on payment of installments in respect of all term loans outstanding as on March 1, RBI Guv said. "It would be fallacious to link share prices to the safety of deposits. Depositors of commercial banks including private sector banks need not worry on the safety of their funds," he warned.

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