Tuesday, May 5, 2020

SBI set to okay moratorium to NBFC tomorrow

Extension of the RBI announced three month moratorium on loans by banks to NBFCs has been a borne of contention between banks as some large lenders led by SBI have refused to extend it to NBFCs citing misuse by these borrowers.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-set-to-okay-moratorium-to-nbfc-tomorrow/articleshow/75560719.cms

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