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Banks Expect Loans Under Moratorium To Rise After Extension
The proportion of borrowers seeking a moratorium may rise during the extended period, say bankers.
05 Jun 2020, 08:07 AM IST
India’s top lenders expect a larger proportion of their borrowers to seek repayment relief after the Reserve Bank of India extended the temporary provision until the end of August. This, despite the fact that India’s now attempting to restart economic activity after a 72-day lockdown.According to four senior bankers who spoke to BloombergQuint on the condition of anonymity, a number of wholesale borrowers, large and small, have start...
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