CA Sansaar
RBI asks banks to offer 3-month moratorium for all
PrintThe Reserve Bank of India (RBI) has told banks and non-banking financial companies (NBFCs) that all borrowers should get the three-month moratorium and can opt-out if they choose, the Economic Times reported.
Banks had chosen to either make the moratorium a given (with an option to opt-out) or had asked borrowers to opt-in to defer payment of loan interest and principal.#casansaar (Source - RBI, Economic Times, MoneyControl)
Banks had chosen to either make the moratorium a given (with an option to opt-out) or had asked borrowers to opt-in to defer payment of loan interest and principal.#casansaar (Source - RBI, Economic Times, MoneyControl)
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