THE BANK MORATORIUM

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A moratorium is a temporary suspension of an activity or a waiting period set by a legal authority intended to ease the short-term financial hardship or provide some time to resolve related issues. 

A moratorium remains until issues that led to moratorium have been resolved.

It is the solution to a short-term crisis that disrupts the normal routine of a business. 

According to the RBI, the deferred instalments under the moratorium would include the following payments falling due between the said period:

     a) principal and/or interest components;b) bullet repayments;

     c) equated monthly instalments (EMIs); d) credit card dues.

Full article is available on our given website

https://upsconline.com/the-bank-moratorium/


 

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