ANOTHER EXTENSION OF LOAN MORATORIUM ON THE CARDS?: CENTRE TO TAKE DECISION SOON

Highlights

• The loan moratorium was previously extended by the RBI on May 22 till the end of August

• The S&P expects gross NPAs of Indian banks to grow from 8.5 percent in FY20 to 14 percent in FY21

• RBI governor Shaktikanta Das also warned banks to prepare for bad times as NPAs are likely to jump on account of COVID-19

In order to safeguard the borrowers in the times of COVID-19 pa....