RBI's EMI moratorium could give Rs 2.1 trn liquidity to companies: Report

'Sectors with higher leverage will be major beneficiaries'

The Reserve Bank of India’s three-month suspension of EMIs could provide a liquidity breather of Rs 2.1 trillion if all corporate houses avail it, says a report.
 

The findings by Crisil Ratings are based on assessment of 9,300 of rated non-financial sector companies across 100 sectors.

It said sectors with higher leverage, such as power, telecom, roads, textiles and fertilisers, will be the major beneficiaries and account for nearly 47 per cent of the total breather available.

“The moratorium announced by the RBI on interest and principal obligations due between March 1 and May 31, 2020, would be tantamount