Not possible to extend loan moratorium period: Centre tells Supreme Court

In an affidavit before the Supreme Court, the Reserve Bank of India has said it would not be possible to grant more time as a relief for sectors hit by the coronavirus pandemic. In the affidavit, the RBI and the Centre have said the expert committee recommendations have already looked into sector-specific conditions for loan repayment. Directions have been given to banks and financial institutions to restructure loans as needed, the affidavit read. 

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