RBI extends loan moratorium till Aug 31, silent on one-time restructuring

The central bank has increased group exposure limits of lenders from 25% to 30%

Allowing borrowers more time to repay loans, the Reserve Bank of India (RBI) on Friday extended the moratorium on EMI payments by another three months, till August-end, taking the total moratorium period to six months.
 

It also extended the deferment of interest payment on working capital loans till August 31. On March 27, the RBI had provided a three-month moratorium on all term loans (from March 1 to May 31). Krishnan Sitaraman, senior director, CRISIL Ratings, said banks will have to monitor borrower behaviour. “Six months of continuous non-payment of debt obligations can result in some element of credit indiscipline