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Tuesday, March 31, 2020
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RBI moratorium: Lenders’ body wants RBI to freeze bad loan recognition as on February 29
RBI moratorium: Lenders’ body wants RBI to freeze bad loan recognition as on February 29
Lenders do not want any borrower who makes use of the moratorium to fall into the category of a non-performing loan because of having missed payments in the previous two months – January and February. A loan gets classified as a bad loan if the interest or principal is overdue 90 days.
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