Lenders are likely to take a collective view on granting a moratorium to non-banking financial companies (NBFCs) on Saturday at the top decision-making forum of industry lobby group Indian Banks' Association (IBA).
A senior executive of a public sector bank said the IBA’s management committee meeting would discuss the issue of giving a moratorium to finance
“Individually, a lot of lenders would like to give forbearance to finance
companies. Still, we would like to hear out the country's largest lender (State Bank of India),” the executive said.