Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court | Read

PUBLISHED ON: September 1, 2020 | Duration: 0 min, 37 sec

  
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The government on Tuesday told the Supreme Court that the moratorium on repayment of loans allowed during the coronavirus crisis can be extended by two years. This came a day after the government's deadline for temporary relief on loan repayments ended. The Reserve Bank of India had allowed banks and other financial institutions to offer a six-month moratorium to all existing individual and corporate term loan borrowers until August 31.
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