MENU

Published on 28/03/2020 12:0 | Source: ANI

COVID-19 outbreak: 3-month moratorium on all loans, says RBI Governor

Posted in Business Videos| #Business

For more videos Subscribe now! https://bit.ly/2YrTXdM and stay connected with us

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Mumbai :

 The Reserve Bank of India on March 27 announced that all commercial banks including regional rural banks, cooperative banks, NBFCs (including housing finance companies) and lending institutions are being permitted to allow a moratorium of 3-month on payment of instalments in respect of all term loans outstanding as on March 1. The decision was announced by RBI Governor in view of coronavirus pandemic.