CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

RBI further extends moratorium on loans by three months

Posted on 22 May 2020

LinkedIn


The RBI governor held a press conference today that is on the 22nd of May 2020. The governor in the press conference announced that India's GDP is expected to remain in the negative territory for 2020-21. However, some pick up might be expected in the second half.

Following major announcements were made by the RBI Governor:

1. The moratorium on loan repayments has been further extended by three months that is till August 2020.

2. The Repo rates have reduced by 40 bps from 4.4% to 4%

3. The reverse repo rate to be maintained at 3.35%

4. The Export Credit Period has been extended to 15 months from 1 year

Do you think a further extension on the moratorium of loans will prove to be helpful for the borrowers?

Tags :






Trending Tags
law
traces
Professional Resource
VAT
companies act 2013
newgstreturn
pm cares fund
custom
corporate law
ca rankholder interview
sebi
ca exams may 2020
ca
gst portal
dgft
aatmanirbhar bharat
gst
tds
audit
gstr 9
Union Budget
accounts
tcs
close
GST Live Class