Thursday, May 7, 2020

State Bank India to extend moratorium to NBFCs

The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three months -- March, April and May. "SBI has taken a decision to extend the moratorium allowed by RBI to the NBFC sector which is facing severe problem of cashflow," Khara said.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/state-bank-india-to-extend-moratorium-to-nbfcs/articleshow/75600240.cms

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