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Loan moratorium should be extended till December 31: Yes Bank CEO
short by Dharna / on Friday, 8 May, 2020
Yes Bank CEO Prashant Kumar has said the loan moratorium should be extended until December 31, 2020. In March, RBI had permitted all banks to allow a three-month moratorium on the repayment of loan EMIs. Kumar said, "Once...lockdown is lifted and (businesses) resume (their) economic activity, it takes time to generate income...You can't expect people to repay your entire interest."