Category: Business

Category: Business

Coronavirus: RBI allows 3-month moratorium on loan EMIs, deferment of interest payment
March 27, 2020 Business admin

RBI Governor Shaktikanta Das said the two steps would not be classified as default, will not impact credit history of the borrower and will not result in asset classification downgrade. The Reserve Bank of India has decided to allow all lending institutions to permit a three-month moratorium on payment of installments of all loans. It

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