In addition to this, the circular also mentioned that banks should specify that loans that come with a moratorium facility should specify the exact date of commencement for repayment of loans. All these mandates should be complied with by December 31, 2021. As for the ongoing loans, these guidelines will apply as and when the concerned loans come up for renewal.Specify exact dates for loan repayment for customers: RBI circular
In addition to this, the circular also mentioned that banks should specify that loans that come with a moratorium facility should specify the exact date of commencement for repayment of loans. All these mandates should be complied with by December 31, 2021. As for the ongoing loans, these guidelines will apply as and when the concerned loans come up for renewal.
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