Aftermath Suffered by RBI Due to Moratorium

Manisha Dey; Wang Juan

doi:10.46977/apjmt.2021v01i03.001

Authors

Manisha Dey Amity University Kolkata, India and Research Scholar of C.V Raman Odisha, India
Wang Juan Lincoln University College, Malaysia

DOI:

https://doi.org/10.46977/apjmt.2021v01i03.001

Keywords:

RBI, Moratorium, Economy, COVID 19

Abstract

Financial system is the backbone of the Indian economy. RBI holds the controlling power of the Indian financial system and takes measure to bring the stability by controlling the supply. Due to COVID 19 pandemic, Indian economy are going through very tough period and during this period main supportive hand raise by RBI by safeguarding the interest of the borrowers. The tool implemented by RBI was moratorium to support the borrowers by stake outing with know or unknown consequences. The paper focus on the current status of the Indian banks and the highlighted the negative and positive impact of moratorium on RBI. The paper highlights the measure taken by RBI to combat the stiff situation and also emphasis the role of RBI in reducing the risk of commercial banks.

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