Small borrowers get reprieve from India’s central bank
Small businesses are bearing the biggest brunt of the second wave of Covid-19 infections, India's central bank governor says
05 May 2021 - 08:35
Mumbai — India’s central bank asked banks on Wednesday to let certain borrowers have more time to repay loans, among other support measures, amid a major second wave of Covid-19 infections in the country that has led to strict lockdowns in several states.
The moratorium will be available to individuals and small and medium enterprises that did not restructure their loans in 2020 and were classified as standard accounts till March 2021, Reserve Bank of India governor Shaktikanta Das told reporters...
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