Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court

The government on Tuesday told the Supreme Court that the moratorium on repayment of loans allowed during the coronavirus crisis can be extended by two years. This came a day after the government's deadline for temporary relief on loan repayments ended. The Reserve Bank of India had allowed banks and other financial institutions to offer a six-month moratorium to all existing individual and corporate term loan borrowers until August ...