Exclusive | RBI likely to extend loan repayment moratorium for companies!
The loan moratorium is likely to be extended by another 3 months by the Reserve Bank of India (RBI), Zee Business Executive Editor Swati Khandelwal reported today. While the companies are likely to gain from this move, the development could be negative for banks, Khandelwal said
Sources have told Zee Business that the banks may have to double the provisioning from the current 10 per cent to 20 per cent, Swati Khandelwal said. Source: Reuters