SBI customers get relief on loan accounts; moratorium extended by another 3 months amid COVID-19 lockdown
The SBI has also simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
May 27, 2020, 19:05 PM IST
Bank of Baroda's 90% borrowers opt for moratorium on term loan repayment
The RBI allowed granting the moratorium to all the accounts that are standard as on February 29, 2020. "Close to 90 per cent of our (eligible) clients have elected to use the moratorium," the bank's Managing Director and CEO Sanjiv Chadha said while speaking at a webinar organised by Care Ratings.
May 12, 2020, 01:58 AM IST
EMI moratorium: Beware! Fraudsters may siphon money from your bank account
The RBI provided this facility to defer EMI payment but online fraudsters are active to cheat people amid the lockdown.
Apr 07, 2020, 18:42 PM IST
RBI announces additional measures for dealing with coronavirus crisis
The central bank had last week sought to cushion both borrowers and lenders against the unprecedented disruption triggered by the COVID-19 outbreak and allowed the banking companies to provide a three-month grace period on loan repayments.
Apr 01, 2020, 13:49 PM IST
IBA explains general queries related to RBI’s 3-month moratorium on EMI, interest payment
The Indian Banks Association (IBA) has answered a list of Frequently Asked Questions about the technicalities of the RBI moratorium.
Apr 01, 2020, 12:53 PM IST
