Bhubaneswar: In a bid to maintain smooth cash flow and liquidity in the economy, the Reserve Bank of India on Friday extended the moratorium period by 3 more months upto 31st August.
Addressing media, RBI Governor, Shaktikanta Das announced that due to the extension of the lockdown period, RBI extends the three-month moratorium till August 31,
RBI has expanded its array of conventional and unconventional measures to manage liquidity. In order to provide greater flexibility to SIDBI, another 90 days extension for the 90-day term loan facilities will be offered, announced RBI Governor. This will provide additional liquidity support to the MSME sector, he added.
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