This is something new, unexpected and disturbing.
RBI's 3-month moratorium: Higher interest if you defer EMI payments
3 min read . Updated: 28 Mar 2020, 03:48 PM ISTIANS
RBI's 3-month moratorium: Higher interest if you defer EMI payments
3 min read . Updated: 28 Mar 2020, 03:48 PM ISTIANS
- RBI Governor Shaktikanta Das on Friday announced a three-month moratorium on EMIs of all term loans due during March 1 to May 31
- As of January-end, over ₹13 lakh crore of housing loans and ₹2 lakh crore of auto loans were outstanding, data with the Reserve bank of India shows