State Bank of India, the country's largest lender, gave a three-month relief to borrowers under its settlement schemes amid the coronavirus crisis today. This came days after the Reserve Bank of India (RBI) said that all lending institutions, including banks and housing finance companies, will have to give its borrowers a three-month moratorium on term loans. In an exclusive conversation, India TV Digital spoke to SBI Chairman Rajnish Kumar who explained at length on the moratorium rules. During the interview, Kumar advised people to pay their EMIs if they have the ability and cash flow, in order to avoid any additional cost. from IndiaTV: Google News Feed https://ift.tt/2UX9dvq
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