BOOM Explains

Are Loan Borrowers Opting Out Of EMI Payments?

By - BOOM FACT Check Team | 16 April 2020 10:30 PM IST

While RBI has announced a EMI holiday for those who want to avail of the moratorium, the interest keeps accumulating - there is no respite. BOOM's Govindraj Ethiraj discusses the moratorium with Shanti Lal Jain, Executive Director, Bank of Baroda.

'Between 70-80% of loan book is business loans to small and big businesses and nearly everyone is availing RBI's EMI holiday. Its the same scene for all Public Sector Banks,' says Shanti Lal Jain.

Watch the entire episode of From The Frontlines to know more.

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