RBI wants banks to take call on package, moratorium extension for NBFCs

The Reserve Bank of India (RBI) is unlikely to take a call on behalf of bankers to extend a moratorium to non-banking financial companies (NBFCs).

The approach, according to people familiar with the RBI, is that the regulator can only enable the banks to take such commercial decisions, and it is left completely to the bank if they want to ask for the loans, or extend a deadline. If such an extension happens, as decided by the lender, the central bank is willing to allow the delay to be considered as standard assets, just as what it has done for other