No doubt the benefits of moratorium on loan repayments announced by RBI has helped a large number of borrowers to tide over or at least minimize the challenges of inadequate cash flows. Though the lockdown was for less than 2 months and more than 2 months have passed since the partial lifting of lockdown has started, business is not back to normal for most of the firms. Revenues and cash flows are still under stress and naturally many of the borrowers are looking at an extension of the moratorium and hence the questions regarding possibility of extension of moratorium were being asked.
This story is from the September - October 2020 edition of UNIQUE TIMES.
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This story is from the September - October 2020 edition of UNIQUE TIMES.
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