The economic crisis brought by Coronavirus is not all that. The second time the Centre’s moratorium to get out of the financial crisis will expire on Monday, 31st of this month. So far, the banks have not said anything if the borrowers who have chosen the moratorium have not paid the EMI payments monthly but the situation is no longer possible.
The economic crisis brought by Coronavirus is not all that. The second time the Centre’s moratorium to get out of the financial crisis will expire on Monday, 31st of this month. So far, the banks have not said anything if the borrowers who have chosen the moratorium have not paid the EMI payments monthly but the situation is no longer possible. If there is no moratorium EMIs and credit card bills are no longer paid on monthly loans, including interest. Otherwise, the loan-giving banks do not seem to be in a position to be silent. Already due to coronavirus, jobs and employment opportunities are lost It is not difficult to imagine how difficult it is if the people who are in a situation where they do not have new jobs are to pay monthly EMI.
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Meanwhile, it has become a difficult development for borrowers to be at the receiving end of the bank’s messages and phone calls, suggesting that those who have already borrowed their accounts have sufficient funds to keep cash reserves.
Bankers on Marathorium Extension Moratorium:
Banks are also protesting against the continuation of the moratorium. Especially hdfc bank chairman Deepak Parekh, Kotak Mahindra Bank Managing Director Uday Kotak and SBI Chairman Rajnish Kumar are all saying that the moratorium should not continue. On the other hand, industrialists want to have a moratorium to get out of the current situation. It is now interesting to see if the moratorium will be decided on the continuance.
MP Nama letter to Union Finance Minister Nirmala to extend moratorium moratorium:
The Lok Sabha TRS leader Nama Nageshwar Rao (TRS MP Nama Nageshwar Rao) wrote a letter to Union Finance Minister Nirmala Sitharaman seeking an extension of the moratorium deadline till the end of this year in the wake of the moratorium expiry this month. MP Nama has requested the Union Minister to extend the moratorium period once again as people are not yet recovering from the financial crisis caused by the coronavirus
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