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All EMIs on term loans automatically suspended for 3 months, clarifies SBI chief Rajnish Kumar

Updated : March 27, 2020 02:59 PM IST

This clarification came after RBI put 3-month moratorium on all loans in order to give relief to depositors amid the ongoing coronavirus lockdown.
As per the announcement, credit card dues won’t be part of the 3-month moratorium as they are not part of term loan.
All EMIs on term loans automatically suspended for 3 months, clarifies SBI chief Rajnish Kumar

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