Loan moratorium: Most pvt banks go for "opt-in" option

The RBI had announced a 3-month moratorium on loan repayments in the wake of COVID-19 crisis for dues to be paid between March-May 2020 and left it to the bank to implement the same. A slew of state-run banks have gone for an "opt-out" option where the repayments automatically get deferred unless a customer informs of her willingness to pay.

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