The Reserve Bank of India (RBI) on Friday asked all lending institutions to allow three-month moratorium on EMI payments in order to infuse liquidity into the system amid novel coronavirus crisis.
RBI Governor Shaktikanta Das in a press conference said these are extraordinary circumstances, and unprecedented measures are required to support the sagging economy as all the economic activities have come to a halt.
#CoronavirusCrisis #IndiaFightsCorona #RBI
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