Sri Raghul Associate

Nearly 20% Of SBI Customers Have Availed Loan Moratorium State Bank of India (SBI) chairman Rajnish Kumar told reporters that close to 20 percent of the bank's borrowers have availed moratorium on repayment of term loans instalments. This comes after the Reserve Bank of India (RBI) allowed banks and other lending institutions to extend the moratorium on loans by another three months to 31 August 2020. SBI chairman Rajnish Kumar   Previously on 27 March, the central bank had announced a three-month moratorium on payment of all term loans falling due between 1 March and 31 May 2020. "In case of State Bank of India, the percentage (of borrowers who have availed the moratorium) is very small...around 20 pe cent," Kumar told reporters through a video conference. He said not all who have availed the moratorium are facing any liquidity issue. "Many of them could have serviced their loans but as a matter of strategy they would want to preserve their cash and have opt...

Which bank is giving automatic loan moratorium and which is not: Here's the list To pay this additional interest, you may get an option to either increase your loan tenure without increasing your EMI amount or increase your EMI amount without increasing your loan tenure or make a one-time payment of the interest in June month. While some banks and non-banking finance companies (NBFCs) are asking their borrowers if they want to avail the loan repayment 3-month moratorium, others are automatically 'opting-in' their borrowers for taking the loan moratorium.. Here's how to find out whether you bank will automatically opt you in for the moratorium or you will have to reach out to the bank to ask for it. Following a nudge from RBI, Banks and NBFCs have offered borrowers a three-month moratorium on payment of loan ins .. Read more at: https://economictimes.indiatimes.com/wealth/borrow/which-bank-is-giving-automatic-loan-moratorium-and-which-is-not-heres-the-list/...