• SENSEX
    NIFTY 50
Finance

Update | RBI moratorium on EMI: Banks allowed to suspend repayments for 3 months

Updated : March 27, 2020 07:39 PM IST

The deferment of interest payment will not result in asset classification downgrade, the governor said.
However, the central bank clarified that the lending institutions will have to put in place board approved policies on the moratorium or the deferment.

You May Also Like

Live TV
Advertisement