Fraudsters exploiting 3-month loan moratorium; everybody needs to be cautious: HDFC Bank

HDFC Bank said the fraudsters are always on the look-out for newer reasons to execute their designs and the EMI moratorium has emerged as a favourite one. The RBI had left it to banks for implementing the moratorium, which has resulted in communication with bank being an essential part for taking benefit of the scheme.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Xmv6Hy