Covid-19 crisis: RBI may extend moratorium on bank loans by 90 more days

With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months to help people and industry impacted by the ongoing lockdown to contain COVID-19.

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.

The government on Saturday extended the lockdown for further two weeks till May 17 with certain relaxations for red, orange and green zones.

Income stream will not resume due to the continuation of nationwide lockdown, the sources said, adding