RBI runs EMI moratorium for the next 90 days on term loans. This is what it indicates for borrowers

RBI runs EMI moratorium for the next 90 days on term loans. This is what it indicates for borrowers

The Reserve Bank of Asia (RBI) announced an expansion associated with the moratorium on term loan EMIs by another 90 days, for example. Till August 31, 2020 in a press seminar dated might 22, 2020. The sooner three-month moratorium on the mortgage EMIs had been closing may 31, 2020. This will make it an overall total of half a year of moratorium on loan EMIs (equated month-to-month instalment) beginning March 1, 2020 to August 31, 2020.