The lockdown was first announced by Prime Minister Narendra Modi on March 24 for 21 days in a bid to combat the COVID-19 pandemic. It was first extended till May 3 and again till May 17. In March, RBI had allowed a three-month moratorium on payment of all term loans due between March 1, 2020 and May 31, 2020.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-may-extend-moratorium-on-repayment-of-loans-for-three-more-months-report/articleshow/75802077.cms
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