Repo Rate Cut By RBI By 4.4%

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RBI governor in a statement to press has said that there will be a relaxation to repay the term loan for a minimum of 3 months as per the situation prevailing in the country today.

He has added that all the commercial banks including regional rural banks, cooperative banks, NBFC's including housing Finance companies and landing associations are not permitted for a moratorium relief of 3 months.

This is being done on the repayment of all term loans installments outstanding as on March 1st.

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