Extension of EMI Moratorium Announcement on 22.05.2020.
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This PPT give you inclusive details about the second extension given to Moratorium proposed by RBI as a measure to curb liquidity crisis due to COVID 19.
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Extension of EMI Moratorium Announcement on 22.05.2020.
- 1. EMI Moratorium Extension RBI Announcement 22.05.2020
- 2. Get regular updates about news that matters to you Subscribe to our Newsletter
- 3. Overview This document covers pointers about RBI’s EMI Moratorium What will we cover? ● Details about extension ● Working capital for businesses ● Should you take moratorium? ● How to take / decline moratorium? Let’s discuss ! This document will be shared on our telegram group
- 4. Before We go into details
- 5. It’s official Moratorium has Extended
- 6. Till? For 3 more months (31st Aug, 2020)
- 7. Now, Let’s go into details...
- 8. Recap Till Now In press announcements on March 27 & April 17th RBI has has announced 6 measures related to EMI & Loan, among other measures
- 9. Grating of 3 months moratorium in term loan installment.
- 10. 1. 3 month term loan moratorium Deferment of interest for three months in working capital facility
- 11. Courses For Career Growth & Starting Your Own Consultancy
- 12. 1. 3 month term loan moratorium 2. Loan deferment on working capital Easing the working capital financing by reducing the margins and reassessment of working capital cycle.
- 13. 1. 3 month term loan moratorium 2. Loan deferment on working capital 3. Reduced Margins, Reassessment of working cycle Exception from being classified as defaulters in supervisory reporting and reporting to credit information companies.
- 14. 1. 3 month term loan moratorium 2. Loan deferment on working capital 3. Reduced Margins, Reassessment of working cycle 4. CIBIL won't be affected Extension of resolution timelines for stressed assets
- 15. 1. 3 month term loan moratorium 2. Loan deferment on working capital 3. Reduced Margins, Reassessment of working cycle 4. CIBIL won't be affected 5. Relief to stressed Asset classification standstill for 3 months
- 16. 1. 3 month term loan moratorium 2. Loan deferment on working capital 3. Reduced Margins, Reassessment of working cycle 4. CIBIL won't be affected 5. Relief to stressed 6. Won’t be classified as NPA 01 March 2020 to 31st May i.e 3 months Recap Till Now
- 17. Now this is further extended For 3 more months till 31st Aug, 2020
- 18. 1. Lending institutions are permitted to restore the margins for working capital to their original levels by 31st March, 2020 2. Re-assessment of working capital cycle extended upto 31st March 2021. 3. RBI permits lending institutions to convert the accumulated interest on working capital facility over the total deferment period into a funded interest term loan and that shall be repaid during the course of current financial year ending 31 March 2021. Further for businesses
- 20. How to take / decline moratorium?
- 21. Also, The repo rate now stands at 4% & reserve repo rate at 3.35% per cent
- 22. Exclusive offers for LLA subscribers!
- 23. Follow us on This Document will be shared on our Telegram Group, Download Telegram & search Labour Law Advisor