Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to SC

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Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to SC

  • A loan moratorium exceeding six months might result in “vitiating the overall credit discipline”, which will have a “debilitating impact” on the process of credit creation in the economy, the Reserve Bank of India has told the Supreme Court.
  • In an affidavit filed in the apex court in the loan moratorium case, the RBI has said that a long moratorium period could impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments.

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