New Delhi, April 1 -- Tamil Nadu Small Scale and Tiny Industries Association (TANSTIA) has written to the Finance Minister Nirmala Sitharaman seeking action against a few banks who are still waiting to implement three months Moratorium on EMIs.
In a letter to Finance Minister accessed by KNN India, K. Mariappan, Vice-President, TANSTIA said, ''Though RBI has issued circulars to all the banks, State Bank of India had announced on March 28 to implement the RBI circular with immediate effect.''
''But all other banks including lead banks are still waiting for the confirmation from their respective head office and said that unless such letter is received from their HO, the bank will be debiting the EMI and Interest from the customers' accou...