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Reserve Bank Governor, RBI, Shaktikanta Das Banking & Finance

RBI Planning to Extend the Moratorium Offer on Bank Loans

"All commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all -India Financial Institutions, and NBFCs (including housing finance companies and micro-finance institutions) ("lending institutions") are being permitted to allow a moratorium of three months on payment of instalments in respect of all term loans outstanding as on March 1, 2020," the RBI had said.

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