If the bank does not have any specific format of submitting the time extension request then you may use the following letter format to write to the bank. — Picture by Farhan Najib. The extension of moratorium offered to debtors to mitigate the impact of the second Covid-19 wave would have limited impact on commercial banks’ turnover, experts said. The Edge Communications Sdn. Public Bank has released the details of its Covid-19 assistance for those who will still be in financial difficulties upon the expiry of the ongoing six-month loan moratorium on 30 September 2020, which is open for applications starting today. Managing director and chief executive officer Tan Sri Tay Ah Lek said the bank has developed a loan repayment assistance programme to support retrenched customers or those facing salary reductions, as well as small and medium-sized enterprise (SME) customers with cash flow constraints due to the COVID-19 pandemic. KUALA LUMPUR (July 30): Shares of bank counters fell today, led by a decline in Public Bank Bhd as investors digested the targeted loan moratorium extension announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday. Bhd. Hire Purchase/ Aitab HP-I Account Number* NRIC/ Business Reg No./ Passport No. 2020. “RBI said it is looking into the issue of an extension of the moratorium, ... but they must allow restructuring of loans,” said the head of a large public bank, citing recent examples of delays in resolution due to the lockdown. The Reserve Bank is expected to make public its regulatory stance moratorium on loan repayment when it releases its vote on policy action on Thursday. In that case, you may approach the bank to allow you … India Business News: MUMBAI: With the Covid-19 lockdown being extended into mid-May, the moratorium on bank loans is likely to be further extended for another 90 days. KUALA LUMPUR, Aug 3 — Public Bank Bhd is ready to provide loan repayment assistance for customers who continue to face difficulties in servicing their loans once the loan moratorium ends on Sept 30, 2020. For individual customers who have lost their jobs in 2020 and are currently unemployed, Public Bank will offer an extension of loan moratorium for 3 months with effect from 1 October 2020. It will help both borrowers and banks in … ... of the moratorium was to give the public some breathing space because ... under the six month moratorium," he said. 2nd Applicant NRIC/Passport No. Customers who do not receive an SMS from the bank, but are anticipating difficulties in commencing payments after Sept 30, 2020, are encouraged to get in touch with the bank from Aug 7 until Sept 7, 2020, via phone at +603 6204 7788, email at [email protected] or by visiting any CIMB branch," CIMB said. The Reserve Bank is expected to make public its regulatory stance moratorium on loan repayment when it releases its vote on policy action on Thursday. The 6-month automatic moratorium has ended on 30 September 2020. These customers who wish to apply for this moratorium extension may contact the Bank and submit their applications with the required documents. The government on Saturday extended the lockdown for further two weeks till May 17 with certain relaxations for red, orange and green zones. CIMB is here to help you move forward. An SMS will be sent to more than 300,000 individuals and 10,000 SMEs from Aug 3, 2020 who are advised to follow the simple instructions and complete their applications by Aug 20, 2020. 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