Depositors need not worry on safety of their funds: RBI Guv | Full Speech

All commercial banks including regional rural banks, cooperative banks, NBFCs (including housing finance companies) and lending institutions are being permitted to allow a moratorium of 3 months on payment of instalments in respect of all term loans outstanding as on March 1: RBI Governor Shaktikanta Das.

''Indian banking system is safe and sound. In recent past COVID19 related volatility in stock market has impacted share prices of banks as well resulting in some panic withdrawal of deposits from a few private sector banks'', he added.