BREAKING NEWS
Modi is ‘Vish Guru’, never respected ‘magalsutra’: Jairam Ramesh
Bengaluru-Mangaluru special trains announced for April 25 and 26
South Karnataka on high alert over bird flu reported in Kerala
UGC warns against ’10-day MBA’ programme, misleading abbreviations for degree nomenclature
Modi will go to jail if electoral bonds ‘scandal’ is investigated: M B Patil
Delhi police detains shopkeeper over biryani served on plate with Lord Ram image, releases him later
Country’s biggest leader given up morality, does not walk on path of truth: Priyanka Gandhi on PM
Vitla: 2 workers asphyxiated to death while fixing well rings
“Very sorry. We will be on your side,” CM Siddaramaiah to slain student’s father
Have issued unqualified apology for lapses: Ramdev, Balkrishna tell SC
Ensure children up to 12 yrs are allocated seats with their parents in flight: DGCA tells airlines
Watch: 2 Malaysian Navy helicopters crash mid-air; 10 onboard killed
Kejriwal given insulin after spike in sugar level: Tihar officials
K’taka HC upholds ban on all types of hookah products
Clash of politicians: Priyanka’s campaign in Bengaluru South to coincide with Shah’s roadshow
RBI asks lenders to allow 3-month moratorium on EMI payments
PTI, Mar 27, 2020, 1:39 PM IST
New Delhi: The Reserve Bank of India on Friday asked all lending institutions to allow a three-month moratorium on EMI payments in order to infuse liquidity into the system as the economy grapples with COVD-19 challenges.
It has also allowed banks for deferment of interest on working capital loans for the next three months – until June 2020.
RBI Governor Shaktikanta Das in a press conference said these are extraordinary circumstances, and unprecedented measures are required to support the sagging economy as all the economic activities have come to a halt.
The liquidity measures announced by the RBI will make available a total Rs 3,74,000 crore to the country’s financial system.
Das said that the deferment on loan and interest repayments will not be classified as defaults and will not impact the credit history of borrowers.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Reverse migration has begun, says FM Nirmala Sitharaman
Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level
Sensex climbs 640 points, Nifty tops 22,300-level in early trade
Insurance regulator IRDAI abolishes age restriction on health insurance product
Elon Musk says India visit delayed due to Tesla obligations
MUST WATCH
Latest Additions
Modi is ‘Vish Guru’, never respected ‘magalsutra’: Jairam Ramesh
TCS World 10K: New starting point, meticulous arrangements in place
Congress complains to EC, alleges ‘misinformation’ by BJP about manifesto
Bengaluru-Mangaluru special trains announced for April 25 and 26
Part of my destiny to have met Aditya Chopra, Shah Rukh Khan: Karan Johar