Covid 19

The 21-day lock down to contain the COVID19 pandemic has pushed most of the business units to a standstill. While many industries remain shut down, any relief in terms of loan repayment could ease out the burden of millions of borrowers in India. The much desired relief finally arrived after RBI Chief Mr. Shaktikanta Das announced in a press conference that all banks and NBFCs can allow 3 months of moratorium period on repayment of term loans outstanding as on March 1 2020. However, there are several concerns surrounding the moratorium period as not every bank follows the same policy. Here are the answers to some of the questions that you may have in your mind.

The importance of hygiene and maintaining good health is echoing in every nook and corner after the outbreak of the COVID 19 pathogen that transmits a heart-wrenching fear in every human being on the planet. The lives of several people, especially the elderly, are at stake. Not many are prepared for such a calamity, and no one wants to end their life in such a tragic fashion.