Finance Minister Nirmala Sitharaman said the ministry was in talks with the Reserve Bank of India (RBI) to increase the loan moratorium. The Loan Moratorium facility will end on August 31. Even after August 31, the repayment period for customers can be extended. But it is being opposed by the banks.
Referring to the hospitality sector at an event organized by industry body FICCI, Sitharaman said that the sector has been most affected due to the lockdown. The sector could lose Rs 90,000 crore this year.