ADVERTISEMENT
The Covid-19 Moratorium Solves Only Half Our Problems
There are two broad areas of concern that need to be addressed to make RBI’s package truly effective.
02 Apr 2020, 10:40 AM IST
On March 27, the Reserve Bank of India announced a ‘Covid-19 regulatory package’ comprising several measures to help the financial sector and borrowers deal with the impact of the global pandemic. A key measure was allowing all lending institutions (banks, NBFCs, etc.) to grant a ‘moratorium’ on installments and interest falling due until May end. RBI, in the exercise of its powers as a banking regulator, explicitly clarified that th...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT