HDFC chief Deepak Parekh urges RBI to not extend loan moratorium. Know why

As the six-month extended moratorium on repayment of loan comes to an end on August 31, noted banker and HDFC Ltd Chairman Deepak Parekh has urged RBI Governor Shaktikanta Das not to further extend the moratorium on repayment of loans. During an interactive session with the RBI governor organised by CII, Parekh said many entities who are capable to repay are taking undue advantage of the scheme and this is hurting the financial sector, especially NBFCs.

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