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RBI Comes Up With Good News For Middle Class
By: Tupaki Desk | 22 May 2020 1:16 PM IST
Reserve Bank of India (RBI) Governor Shaktikanta Das who addressed a press briefing on the steps taken to dexter the financial burden created by the pandemic has announced a piece of good news for the middle-class people.
Mr. Das said that the loan moratorium will be extended by three more months to the 31st of August. This is the third Press conference of Mr. Dar ever since the lockout was imposed in the country.
This is the second time, the RBI gave Moratorium of loans for three times. Earlier the RBI announced a three-month moratorium for the loans between March 1st to May 31st.
The announcement came from the RBI as many employees in India had a pay cut with most of the companies in the country are running in huge losses. This is an appreciable decision from the RBI.
Mr. Das said that the loan moratorium will be extended by three more months to the 31st of August. This is the third Press conference of Mr. Dar ever since the lockout was imposed in the country.
This is the second time, the RBI gave Moratorium of loans for three times. Earlier the RBI announced a three-month moratorium for the loans between March 1st to May 31st.
The announcement came from the RBI as many employees in India had a pay cut with most of the companies in the country are running in huge losses. This is an appreciable decision from the RBI.