The Financial Dilemma Over COVID-19 : An Overview
In the present scenario prevailed & paralyzed over the world including our nation, the economy, finance & fiscal policy & the situation being faced largely is the one major issue after the most important issue of life & sustenance apparently & undisputed. The dilemma of Banks & borrowers in the backdrop of RBI Circulations & Regulations have created bit confusion in the minds of all concerned being bit dicey, fishy having ambiguity, contradictions, and apprehensions at fore. To say & understand the policy of deferment of Installments/EMI falling between the lockdown period has been in the public domain but both as a layman or lawyer I understand that it should be applicable to those Accounts wherein EMI is falling amidst this period thickly in entirety however the problem of the Bank is perpetual; as we have confronted in some cases wherein the Account was slipping & falling NPA just after the lockdown is announced. As we all know that any