State Bank India to extend moratorium to NBFCs

The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three months -- March, April and May. "SBI has taken a decision to extend the moratorium allowed by RBI to the NBFC sector which is facing severe problem of cashflow," Khara said.

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