Pressure on Centre, RBI over loan moratorium
India, Aug. 29 -- The Supreme Court is scheduled to hear the matter on 1 September.
NEW DELHI: Pressure is mounting on the Centre and the Reserve Bank of India (RBI) to extend loan moratorium for a few more months, even as the Supreme Court, which is hearing a petition in this regard, is scheduled to hear the matter on 1 September. The moratorium is ending on 31 August.
This is to be noted that in March, the RBI had allowed a three-month moratorium on payment of all term loans due between 1 March 2020 and 31 May 2020, which in May was extended by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the Covid-19 pandemic. The Federation of Hotel and Restaurant Association of India ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.