Mumbai, May 23 -- The Reserve Bank of India's (RBI) extension on Friday of the ongoing loan moratorium by another three months will take care of cash-flow disruptions for borrowers despite the absence of a one-time debt recast relief, said Rajnish Kumar, chairman, State Bank of India (SBI).

Kumar's statement came soon after RBI governor Shaktikanta Das announced a 40-basis point (bps) repo rate cut and extended several regulatory measures in the wake of the pandemic. The moratorium is being further extended from June 1 to August 31, in view of the extension of the lockdown and continuing disruptions, Das said. The earlier moratorium ends on May 31.

"Our tendency has become that whatever has been given, just take it and ignore it and then ...