Tamil Nadu asks private banks, financial institutions to stop loan collection

But lenders say that they had anyway stopped doing so after the Coronavirus outbreak crippled economic activity and look forward to guidelines from the regulator in formalising a structure on how to go about doing business once the dust settles. The advisory from Tamil Nadu CM had initially stumped lenders. It directed them not to collect ``daily/weekly/monthly installments.’

from Markets-Economic Times https://ift.tt/3bFxygj