Search For "loan moratorium"
RBI directs lending institutions to implement scheme for waiver of interes
Updated : 5 years, 7 months ago IST
New Delhi [India], October 27 (ANI): The Reserve Bank of India (RBI) has directed all lending institutions to implement provisions of the scheme for grant of ex-gratia payment of the difference between compound and simple interest from March 1 to August 31 to borrowers in specified loan acco
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Centre files affidavit before SC in loan moratorium case
Updated : 5 years, 7 months ago IST
New Delhi [India], October 25 (ANI): The Central Government has filed its detailed affidavit before the Supreme Court in connection with the loan moratorium case where it has stated that the interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March
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COVID: No interest on interest for loans up to Rs 2 crore during moratoriu
Updated : 5 years, 7 months ago IST
New Delhi [India], October 24 (ANI): The Ministry of Finance has approved a scheme to provide relief in interest compounding to borrowers for the six-month loan moratorium period extended in view of the COVID-19 pandemic.
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Bring something concrete, common man's Diwali in govt's hand: SC on loan r
Updated : 5 years, 7 months ago IST
New Delhi [India], October 14 (ANI): The Supreme Court on Wednesday denied the Central government's request seeking one month's time to implement the interest waiver on loans of up to Rs 2 crore and observed that it is not fair on the government's part to delay the implementation of its deci
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Loan moratorium: SC to resume tomorrow hearing on pleas against interest o
Updated : 5 years, 7 months ago IST
New Delhi [India], October 13 (ANI): The Supreme Court on Tuesday adjourned to tomorrow the hearing on two petitions challenging the interest on interest on the loan during the moratorium period, declared in view of the COVID-19 pandemic.
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Loan moratorium exceeding six months can impact credit behaviour of borrow
Updated : 5 years, 7 months ago IST
New Delhi [India], October 10 (ANI): Extending the loan moratorium, which was announced to cope with the economic fallout of COVID-19, by another six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments, the Reserve
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Centre files affidavit before Supreme Court on loan moratorium issue
Updated : 5 years, 7 months ago IST
New Delhi [India], October 4 (ANI): The Centre on Friday filed an affidavit before the Supreme Court on loan moratorium issue and said it has decided to waive compound interest (interest on interest) for a moratorium period of six months for Ministry of Micro, Small and Medium Enterprises (M
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Loan moratorium may be extended by two years: Centre tells SC
Updated : 5 years, 8 months ago IST
New Delhi [India], Sep 1 (ANI): The Central government submitted before the Supreme Court on Tuesday that the loan moratorium period may get extended by up to two years in view of the ongoing COVID-19 pandemic and its impact on the economy.
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Record decline in securitisation volumes due to Covid-19: ICRA
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 4 (ANI): The securitisation volumes declined substantially in Q1 FY21 to Rs 7,500 crore from Rs 50,300 crore in Q1 FY20 primarily due to disruptions caused by the Covid-19 pandemic, investment information firm ICRA said on Tuesday.
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Don't extend loan moratorium, able corporates not re-paying loans: Parekh
Updated : 5 years, 10 months ago IST
New Delhi [India], July 27 (ANI): Individuals and corporates having the ability to re-pay their loans are not doing so by taking advantage of the moratorium given by Reserve Bank of India (RBI), HDFC Chairman Deepak Parekh said on Monday.
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Economic aspect not higher than people's health: SC after RBI says interes
Updated : 5 years, 11 months ago IST
New Delhi [India], June 4 (ANI): Economic aspect is not higher than the health of the people, the Supreme Court told the Reserve Bank of India (RBI) on interest waiver during loan moratorium.
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RBI cautions SC of Rs 2 lakh crore loss if interest is waived off during l
Updated : 5 years, 11 months ago IST
New Delhi [India], June 4 (ANI): The Reserve Bank of India (RBI) filed an affidavit before the Supreme Court stating to not allow the petition seeking a waiver of interest for six month moratorium period on loan repayments during this COVID-19 period.
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