Menu Close

Should the central bank extend the moratorium on term loans?

In the wake of covid-19, which brought major economic activities in the country to a standstill, the Reserve Bank of India (RBI) in March 2020 allowed a moratorium of three months on repayment of term loans. The central bank in May extended this moratorium period by another three months till 31 August. Mint recently reported that RBI may extend the moratorium for some stressed sectors. Given that most industries are still reeling under stress, Disha Sanghvi asked experts whether or not the moratorium should be extended further for all categories of borrowers
Source: money

Leave a Reply

Your email address will not be published. Required fields are marked *