Home Political News All Banks Should Hold EMI's Up To Three Months - RBI Governor

All Banks Should Hold EMI’s Up To Three Months – RBI Governor

Emi Moratorium

The corona’s impact not only on the people but also on the economy of the country. In this context, the Reserve Bank of India (RBI) has taken key decisions. RBI Governor Shaktikanta Das disclosed this to the media on Friday.

The banks have imposed a moratorium on all types of loan EMIs for three months from April. No company should cut EMIs for these three months. On the other hand, the repo rate was reduced by 75 points and the reverse repo rate was reduced to 90 points.

He said the RBI is closely monitoring the current situation in the country and will take all necessary steps for financial stability. Shaktikanta Das said, “We have reviewed the latest situation in several meetings held in the last four days”.

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