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Small businesses, corporates biggest beneficiaries of loan moratorium: Canara Bank chief

India city Mumbai covid-19 testing pandemic Department
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MUMBAI : Public sector lender Canara Bank has 17% of its loan book under repayment moratorium, with small businesses and corporates being the biggest beneficiary of this scheme, LV Prabhakar, chief executive officer, Canara Bank told Mint in an interview.“About 19% of the borrowers (by number) have utilised the repayment deferment of interest and instalment," said Prabhakar.While 38% of the bank’s small business borrowers have opted for the moratorium, about 34% of corporate borrowers have utilised it.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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