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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.