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He’s worried about how he’s going to resume those payments, given his travel business hasn’t recovered yet and he still has salaries and other overheads to pay. “The Reserve Bank should ask banks to extend the moratorium,” said Philip, managing director of Cosmos Agencies LLP. “Else, I may have to resort to cut capital expenditure and staff retrenchment.” Read AlsoLoan moratorium extendable for 2 years as per Covid impact, Centre tells SCThe Centre and RBI on Tuesday informed the Supreme Court that the moratorium period on repayment of loans amid the Covid 19 pandemic is “extendable” by two years.

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