RBI governor's address at 10AM: Five things to watch out for
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MUMBAI, May 22 -- Reserve Bank of India (RBI) governor Shaktikanta Das will hold a briefing on Friday at 10 am, his third since the lockdown began on 25 March. Lenders and the Indian industry are waiting for the likely steps Das may announce to mitigate the impact of the lockdown.
Mint takes a look at the five key things to watch out for in the address.
Extension of loan moratorium
Led by Indian Banks' Association (IBA), lenders have sought an extension of the loan moratorium allowed by the central bank. With lockdown having been extended again, this time till 31 May, bankers believe that borrowers will not be able to repay immediately as soon as the moratorium ends on 1 June and therefore an extension would help them tide over the cri...
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