IDBI Bank grants moratorium on term loans amid Covid-19 disruption

Private lender IDBI bank offered a relief to borrowers to mitigate the burden of debt servicing brought about by disruptions on account of coronavirus pandemic. The bank granted a moratorium on three installments of term loans for three months till May 31, 2020.

The lender has sent a communication to its customers that they were being offered a moratorium. 
 

Good news to all our valued customers! To know more, please read the FAQs regarding the moratorium of three instalments of the Term Loans here: https://t.co/EKIeBfHA0y @RBI @DFS_India