Friday, July 18, 2014

Loan waiver: A.P. urges RBI to extend repayment period

.............Mr. Ramakrishnudu told reporters here on Thursday that normally RBI would give one year’s moratorium and five-year period for repayment but it agreed for a three-year period this time, including moratorium. “We are asking that to be extended to seven to 10 years”, he added. Besides urging RBI to fix the upper limit at Rs.1.5 lakh, the State government wants gold loans up to Rs. 50,000 to be rescheduled..........

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