Punjab National Bank also requests RBI to permit one-time restructuring of loans till March 31, 2021 on a case to case basis State-owned Punjab National Bank has sought extension of moratorium on loans for small businesses from the Reserve Bank of India (RBI), managing director and chief executive officer of the lender Mallikarjuna Rao said on Wednesday. “Have requested RBI to rethink on moratorium and extend it if required, so that MSMEs (micro, small and medium enterprises) have more scope to revive," Rao said in a video conference organized by PHD Chambers of Commerce.
He also said that covid-19 related challenges are not temporary and will continue for the next few months, and urged the industry to also request the central bank and the