Local lockdowns across the country, but RBI says no need for loan moratoriums at present
Amid an increase in localised lockdowns across the country, Reserve Bank Governor Shaktikanta Das on Wednesday said there is no need for a loan repayments moratorium at present, stating that businesses are better prepared to face the situation.
Apr 07, 2021, 16:38 PM IST
Supreme Court to pronounce verdict on loan moratorium on March 23
The Centre had earlier submitted before the top court that if it were to consider waiving interest on all the loans and advances to all categories of borrowers for the six-month moratorium period announced by RBI in view of the COVID-19 pandemic, then the amount foregone would be more than Rs 6 lakh crore.
Mar 22, 2021, 23:18 PM IST
Good News! Didn't miss out on EMIs during lockdown? Get cashback from bank
According to reports, the government may have to take a hit of Rs 7,000 crore for the implementation of the scheme.
Oct 25, 2020, 09:19 AM IST
Centre issues guidelines for loan interest waiver, check how much money may be returned
The Finance Ministry has approved guidelines for a scheme to grant ex-gratia payment of the difference between compound interest and simple interest for six months of loans amounting to Rs 2 crore.
Oct 24, 2020, 12:00 PM IST
Can't extend loan moratorium period, may affect credit creation in economy: RBI to Supreme Court
RBI filed the fresh affidavit in loan moratorium case in SC on Friday after the top court rejected its earlier response claiming that it lacked ''necessary details''.
Oct 10, 2020, 10:42 AM IST
Loan moratorium: Supreme Court to hear fresh plea for extension of scheme till year-end
The Supreme Court decided to hear a fresh plea seeking extension till December last the RBI's moratorium scheme to provide the facility of deferred payments of installments of term loans to borrowers due to COVID-19 pandemic.
Aug 28, 2020, 21:39 PM IST
Problems in economy created by lockdown; clear stand on banks charging additional interest on loan moratorium: SC to Centre
The Supreme Court on Wednesday (August 26, 2020) said that the problem in the country’s economy was created due to the government’s decision to impose the strict lockdown to curb the spread of coronavirus and that it is more concerned about the plight of the common man.
Aug 26, 2020, 12:44 PM IST
RBI extends moratorium on loan repayments by three more months to August 31
Loans on all tenures have now been extended from June 1 till August 31.
May 22, 2020, 10:56 AM IST
