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| 1. |
As per RBI's recent move, the tenure or time period of the loans will be increased by how many months? |
| Answer» The Reserve Bank of India (RBI) has announced that all banks and Non-bank financial institutions (NBFCs) have been permitted to allow a moratorium of 3 months on repayment of term loans outstanding on 1 March 2020. As per RBI's move, the tenure or time period of the loans will be increased by 3 months. All lending institutions including banks and NBFCs will allow a moratorium on loan repayments for 3 months. | |