Shaktikanta Das India city Mumbai covid-19 pandemic economy crisis FIVE Shaktikanta Das India city Mumbai

RBI governor's address at 10AM: Five things to watch out for

Reading now: 853
www.livemint.com

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das will hold a briefing on Friday at 10 am, his third since the lockdown began on 25 March.

Lenders and the Indian industry are waiting for the likely steps Das may announce to mitigate the impact of the lockdown. Mint takes a look at the five key things to watch out for in the address.

Extension of loan moratorium Led by Indian Banks’ Association (IBA), lenders have sought an extension of the loan moratorium allowed by the central bank.

With lockdown having been extended again, this time till 31 May, bankers believe that borrowers will not be able to repay immediately as soon as the moratorium ends on 1 June and therefore an extension would help them tide over the crisis.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA