SBI to extend RBI-approved moratorium to NBFCs
The bank would extend the moratorium to the Non- Banking Financial Companies (NBFCs) on a case-to-case basis after assessing their cash budgets and examining the need for extending it, he told PTI. "Just to ensure that there is no gap in the cashflow and help them tide over the contingency, SBI has taken such a decision," Khara said.
SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis, its MD Dinesh Kumar Khara said on Thursday, Photo: Reuters