Can I read RBI Moratorium on Term Loans FAQs on EtoBox?
RBI Moratorium on Term Loans FAQs by indumatithakkar15 is a document available to read on EtoBox.
What is RBI Moratorium on Term Loans FAQs about?
The Reserve Bank of India has allowed banks to implement a three-month moratorium on all term loans and working capital facilities as a relief measure due to the COVID-19 pandemic. This moratorium applies to all standard loans as of March 1, 2020, and includes both principal and interest payments, deferring them without penalty for three months. Borrowers are advised to consider the accruing interest during this period and to communicate with their banks regarding any repayment inquiries.
- Author
- indumatithakkar15
- Language
- EN