Allow restructuring of loans, ask raters not to downgrade: NBFCs to RBI

Mutual Funds say they didn't need to use their liquidity line fully

Non-banking financial companies (NBFC) and microfinance institutions (MFI) want the Reserve Bank of India (RBI) to extend the moratorium till at least June 30 — for both customers and para-banking institutions — and allow the restructuring of NBFC loans due to banks.
 

They also want rating agencies to refrain from effecting any downgrade caused by the economic stagnation due to the lockdown. RBI Governor Shaktikanta Das met representatives of NBFCs, MFIs, and mutual funds (MF) via video conferencing to discuss liquidity from banks and other financial institutions, and the moratorium to be offered to customers.
 

These were attended by deputy