RBI Says No More Relief Packages, Unable To Extend Moratorium Period
Citing the maintainability of "credit discipline", The RBI told the Supreme Court that it cannot extend the 6-month loan moratorium period. The bank also expressed its inability to provide more relief to coronavirus-hit sectors. Addressing the apex court's advise to consider the demands of real estate and power sector, the RBI opined that the sectors suffer from structural problem and they were under stress even before the pandemic.