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- Newsroom ReviewedWith the loan moratorium scheme for exporters set to end on Dec.
- 31, banks have sought an extension from the Reserve Bank of India (RBI), The Economic Times reported on Monday.
- The apex bank introduced the relief measures in mid-November, allowing banks and non-banking financial companies (NBFCs) to offer a temporary halt on loan repayments as well as restructuring options.
- The move was meant to help exporters facing delayed payments, longer working capital cycles and pressure from global trade disruptions. Amid the ongoing global economic uncertainty, banks are of the view that exporters are facing stress due to factors such as weak global demand, trade policy issues and tariff-related matters.
