NIFTY 50

SC notice to RBI on plea seeking interest waiver on loans during moratorium

Updated : May 26, 2020 04:49 PM IST

RBI issued a circular on March 27 asking financial institutions to allow customers a moratorium on loan installments that fall between March 1 and May 31. On May 22, the RBI extended the moratorium for another three months, until August 31.

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