Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.1142)

1142. 

As per RBI's recent move, the tenure or time period of the loans will be increased by how many months?

[A]. 9 months
[B]. 3 months
[C]. 8 months
[D]. 5 months

Answer: Option B

Explanation:

The Reserve Bank of India (RBI) has announced that all banks and Non-bank financial institutions (NBFCs) have been permitted to allow a moratorium of 3 months on repayment of term loans outstanding on 1 March 2020. As per RBI's move, the tenure or time period of the loans will be increased by 3 months. All lending institutions including banks and NBFCs will allow a moratorium on loan repayments for 3 months.

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