RBI announces 3-month relief on EMI for term loans

2020-07-02 3

The RBI today announced a three-month moratorium on payment of EMIs on all term loans that were outstanding on March 1. The RBI made it clear that this will not affect the credit history of people and neither will it let to asset classification. The announcement in this regard was made by RBI Governor Shaktikanta Das. Watch 50 News.