RBI Extends Moratorium On Loans For Another 3 Months, Has Grim Growth Outlook On Indian Economy

INDIA Team Latestly| May 22, 2020 03:45 PM IST
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The Reserve Bank of India announced relief measures to ease the financial burden on Indians as the country lives through its phase 4 of the Coronavirus lockdown. RBI Governor Shaktikanta Das announced a reduction in the repo rate to 4%. The RBI Governor also announced an extension on loan moratorium - which allows banks to defer EMI payments from customers - by another three months till August 31, 2020.

Tags:
Coronavirus Coronavirus Pandemic COVID 19 EMI EMI Amount RBI RBI Governor Repo rate news Reserve Bank of India Shaktikanta Das Shashikant das
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