Tag: Emi Moratorium

RBI-Guv
RBI Cuts Repo Rate By 40 BPS, Extends EMI Moratorium Period By 3 Months

Mumbai: To mitigate the economic impact of COVID-19 outbreak, the Reserve Bank of India (RBI) on Friday again reduced the key lending rates by 40 basis points. Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 40 basis points to 4 per cent from 4.40 per […]

  • Friday, 16 April 2021
Cash
Banks May Not Extend Second Moratorium To All Customers

New Delhi: Banks may not extend the second moratorium to all their customers amid gradual resumption in business activity and rising asset quality risk emerging from longer duration loan forbearance. Sources said that banks are evaluating their loan portfolio with regard to customers who availed moratorium of interest repayment during the fist instalment period of […]

  • Friday, 16 April 2021
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