FinMin working with RBI on need for loan restructuring: FM Nirmala Sitharaman

To help borrowers deal with liquidity crunch during the pandemic, the Reserve Bank had announced a three-month loan moratorium in March, which was later extended by another three months till August 31. Borrowers opting for loan moratorium can defer payment of the interest and principal component of the loan during this period.

from Economy-News-Economic Times https://ift.tt/3giwr8K