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Choose Moratorium/Deferment. RBI directions on COVID-19 Regulatory Package

Суббота, 29 Авг 2020

Choose Moratorium/Deferment. RBI directions on COVID-19 Regulatory Package

RBI directions on COVID-19 Regulatory Package dated might 23, 2020, permit Banks to supply expansion of moratorium on payment of term loan instalments/credit card dues and/or deferment of interest on working money facility(ies) dropping due between 1, 2020 and August 31, 2020 (Moratorium Period) june.

The choice for moratorium/deferment might be applied/requested when your short-term cash flows are adversely affected or you are dealing with short-term monetary constraints arising from Covid-19 pandemic.

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