Recent technology disruption has been knocking at the banking industry much more than
before.
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Explanation:
Today, we will read about the latest trends that are revolutionising the Indian banking and financial sector.
Digitization. ...
Mobile Banking. ...
Unified Payment Interface (UPI) ...
Blockchain. ...
Artificial Intelligence (AI) Robots. ...
Fintech Companies. ...
Digital-only Banks.
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Answer:
yes, RBI announced 3 month moratorium on repayment of term loans means for borrowers. The Reserve Bank of India (RBI) has announced that all banks and Non-bank financial institutions (NBFCs) have been permitted to allow a moratorium of 3 months on repayment of term loans outstanding on 1 March 2020.
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