State-Run Banks Allow Loan Borrowers To Delay EMIs By 3 Months Amid Coronavirus Lockout | Read

Many state-run banks have allowed their loan borrowers - customers with active term loan accounts - to delay paying their monthly instalments for a period of three months. Public sector lenders, including the likes of State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Oriental Bank of Commerce and Indian Bank took to Twitter to announce their decisions separately, allowing their term loan borrowers to delay their EMIs due between March 1 and May 31, as the country entered seventh day of the nationwide lockdown to curb the spread of deadly coronavirus pandemic.