The meeting took place for discussion of how credit flow and moratorium loan will work out post lockdown period. The meeting which commenced as a video conference in 2 sessions saw the participation of MDs and CEOs major private and public sector banks.
Special attention was laid upon to the credit flows to MSMEs. The agenda of the meeting was to reduce the burden off of the financial system amid covid-19 crisis. The decision of implementation of 3 month’s moratorium on repayment of loan instalments announced was also reviewed in the meeting among other several economy related matters.
Several steps to ease the flow and reduce the pressure being faced by the borrowers, lenders has been announced by the RBI.
Lawcutor 