The 3 month moratorium on all term loan installments along with deferment of interest on working capital will help mitigate the debt servicing burden due to covid 19 disruption and prevent transmission of financial stress among various sectors of the economy.
Total liquidity injection of RS 3.74 lakh crore through TLTRO, CRR & MSF will address the liquidity stress in view of highly volatile financial markets. Considering the potential stress, the last tranche of 0.625 percent of CCB has also been deferred to Sept' 30 2020.
However challenges remain in terms of transmitting these measures to customers amid social distancing. Effective digital and electronic delivery to the last mile will remain the key issue."
Attached is the image of MD & CEO Of Punjab National Bank- Sh CH. S. S. Mallikarjuna Rao for your reference. Request you to kindly use the same in your esteemed publication.