This variation dated 14th April, 2020. We will continue steadily to develop this further in line with the text
Team Financial Solutions, Vinod Kothari Consultants P Ltd.
of notification in addition to clarifications, if any, given because of the RBI.
Our company is additionally gratefully obliged to observe that the web web page has gotten attention and commentary from a few borrowers. We distribute, humbly, that the web page is mainly for guidance of lenders.]
To deal with the strain into the monetary sector caused by COVID-19, several measures have already been taken by the RBI as part of its Seventh Bi-monthly Policy 1 . Further, the RBI has arrived up by having a Notification titled COVID 19 package 2 . These measures are designed to mitigate the responsibility on debt-servicing caused due to disruptions because of COVID-19 pandemic. These measures consist of moratorium on term loans, deferring interest payments on working money and easing of working money funding.
