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RBI repayment moratorium: All loans, credit card dues will be covered

Issuing the detailed instructions on the moratorium announcement later in the day, the RBI said, The instalments include payments falling due from March 1 to May 31

Topics
Loan repayment | Reserve Bank of India | Coronavirus

Press Trust of India 



retail loans
To mitigate the burden of debt servicing brought about by disruptions due to the Covid pandemic and to ensure the continuity of viable businesses, the RBI has announced a three-month moratorium on all payments

The moratorium on between March 31 and May 31, is applicable on all types of retail credit, including credit card outstanding balances, the Reserve Bank said on Friday.

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First Published: Fri, March 27 2020. 20:54 IST

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