PNB, India Infoline offer top-up loans, but without moratorium

PNB, India Infoline offer top-up loans, but without moratorium

Mumbai: At a time when several banks and most shadow lenders are conserving cash, India Infoline and public sector banks such as Punjab National Bank (PNB) are offering top-up loans to their existing customers. Caveat emptor: They must not avail of the three-month repayment moratorium. Although counter-intuitive at first glance, the offers make sound business […]