简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
요약:Small businesses in India, already struggling amid the pandemic, are now having to repay mounting debt after a loan holiday ended last month.
Small businesses in India, already struggling amid the pandemic, are now having to repay mounting debt after a loan holiday ended last month.
The Reserve Bank of India gave borrowers a six-month freeze on their loan repayments, which ended on Aug. 31, with about a third of Indias $1.8 trillion outstanding loans being deferred under the program. Businesses still trying to cope with a collapse in demand must now figure out how to pay back their loans or face closure.
“The Reserve Bank should ask banks to extend the moratorium,” said Philip, managing director of Cosmos Agencies LLP. “Else, I may have to resort to cut capital expenditure and staff retrenchment.”
The central bank has provided some relief to borrowers by allowing banks to extend the moratorium and restructure loans, but the process isnt automatic. Lenders can grant extensions of as long as two years, and have until the end of the year to pick which loans to recast and until June 2021 to get it done.
부인 성명:
본 문서의 견해는 저자의 개인적인 견해를 나타낼 뿐이며 본 플랫폼에 대한 투자 자문을 구성하지 않습니다.본 플랫폼은 기사 정보의 정확성, 완전성 및 적시성을 보장하지 않으며, 기사 정보의 사용 또는 의존으로 인한 손실에 대해서도 책임지지 않습니다.