Extension of moratorium beyond six months unsustainable, might vitiate credit discipline and increase delinquency: RBI to Supreme Court

RBI has also prayed for the Supreme Court to lift the stay on classification of loan accounts as NPAs with immediate effect.
Reserve Bank of India
Reserve Bank of India

In an additional affidavit filed before the Supreme Court, the Reserve Bank of India (RBI) has submitted that an extension of the loan moratorium introduced in light of the COVID-19 pandemic beyond a period six months is unsustainable and poses a risk to lenders.

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