Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.124)


Which bank said that a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments?

[C]. SBI
[D]. RBI

Answer: Option D


The Reserve Bank of India, in an affidavit, filed before Supreme Court in the loan moratorium case, said that it would not be possible to give more time as a relief for sectors hit by the coronavirus pandemic. The Centre made it clear that further relief is not possible beyond waiver of interest-on-interest for certain categories of loan account having borrowing up to Rs 2 crore.

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