Shri Murali Ramaswami, ED – Bank of Baroda in his interview with CNBC TV 18 on 22nd April, said that NBFCs earlier used banks’ funding for repayments on their obligations. He stated that there has been no consensus among bankers on the issue of granting NBFCs moratorium. He further said that Bank of Baroda is in favour of granting moratorium. To get clarity on the NBFC moratorium matter, IBA will approach RBI and will make a case study of 20-25 NBFCs.
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