In view of the COVID-19 lockdown, the Reserve Bank of India (RBI) has extended the moratorium on payment of term loan till August 31. .An announcement to this effect was made today by Reserve Bank of India (RBI) Governor, Shaktikanta Das..On March 27, the Reserve Bank of India had permitted banks to grant a moratorium of three months on payment of instalments for term loans. .Supreme Court asks RBI to ensure banks implement its COVID-19 three-month moratorium policy in letter and spirit.Last week, the Supreme Court issued notice and sought reply from the Centre and RBI on a plea filed by an Association of Private Real estate developers seeking a clarification on the RBI's circular of March 27 as regards moratorium on term loans..Supreme Court seeks reply from Centre, RBI on CREDAI's plea for clarification on RBI circular on moratorium
