Moratorium for 3 months on term loan and interest payment of working capital loans

CRR – Reduce CRR of all banks by 100 basis points to 3%

All Commercial banks and lending institutions are allowed to have moratorium of 3 months on all term loans from 01-03-2020.

Deferring of Interest payment for working capital loan outstanding as on 01-03-2020.

Both measure will not result in downgrading the asset classification.

Moratorium for 3 months on term loan and interest payment of working capital loans

Leave a comment