Big relief for borrowers on loan moratorium, Cabinet sanctions Rs 973 crore
In the context of the COVID-19 pandemic, “Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts was approved by the Cabinet in October, 2020.
Jan 20, 2022, 10:59 AM IST
Modi govt’s big decision! Depositors to get coverage of up to Rs 5 lakh if bank fails
Deposit Insurance Credit Guarantee Cooperation (DICGC) insures all bank deposits, such as savings of fixed or current deposits or recurring deposits, and it covers all commercial banks, including foreign bank branches in India.
Jul 29, 2021, 10:38 AM IST
Loan moratorium: No compound, penal interest to be charged from borrowers during loan moratorium period, says SC
No compound, penal interest be charged from borrowers during loan moratorium period, amount already charged shall be credited or adjusted, the SC said.
Mar 23, 2021, 11:49 AM IST
Zee Readers poll 2020: Was loan moratorium the biggest news for EMI payers? Post your views on it
What was loan moratorium all about?
Dec 30, 2020, 17:17 PM IST
This 94-year old bank's logo, website bears a new look: Check out details
The physical branches of 94-year-old Bank can also be seen with the tweaked logo and the tagline - 'Now part of DBS Bank India Limited'.
Dec 09, 2020, 10:27 AM IST
EMI Moratorium: SC directs govt to implement its decision to forego interest on eight categories of loans
A bench headed by Justice Ashok Bhushan said the COVID-19 pandemic has not only caused serious threat to the health of the people but has also cast its shadow on the economic growth of the country as well as other countries in the entire world.
Nov 27, 2020, 17:28 PM IST
Lakshmi Vilas Bank to operate as DBS Bank from today; moratorium ends, all restrictions removed
DBIL is a banking company licenced by RBI and operating in India through wholly owned subsidiary model.
Nov 27, 2020, 11:22 AM IST
Good news for Lakshmi Vilas Bank customers as moratorium ends on this date
The RBI had superseded LVB's board on November 17 after the private sector lender was placed under a moratorium.
Nov 26, 2020, 10:58 AM IST
Cabinet nod for Lakshmi Vilas Bank, DBS Bank India amalgamation; no restrictions on cash withdrawal limit
During the one-month moratorium period of Lakshmi Vilas Bank the government had capped withdrawals at Rs 25,000 per depositor.
Nov 25, 2020, 16:43 PM IST
Lakshmi Vilas Bank shares slump 20%; hit lower circuit
The shares plunged 19.76 per cent on BSE to hit its lower circuit limit of Rs 9.95.
Nov 19, 2020, 17:07 PM IST
Lakshmi Vilas Bank crisis: Here's why you should not keep more than Rs 5 lakh in one bank
The failures of Indian banks in the recent times has taught us simple reasons as to why, perhaps, it is good to keep only Rs 5 lakh in a bank.
Nov 19, 2020, 10:04 AM IST
Lakshmi Vilas Bank crisis: New Administrator assures 20 lakh depositors, says no need to panic
He also said there is sufficient liquidity with the LVB to meet the depositors` needs and the bank is taking care of that.
Nov 18, 2020, 18:25 PM IST
Why is bank union opposing merger of Lakshmi Vilas Bank with DBS Bank? Here's the reason
The proposed amalgamation of the cash-strapped LVB with DBS Bank India seems to be a ploy to provide entry of foreign banks into the country in a big way, All India Bank Officers' Confederation (AIBOC) President Sunil Kumar said.
Nov 18, 2020, 18:05 PM IST
Lakshmi Vilas Bank crisis: This bank will acquire debt-ridden LVB--Here's all you want to know
The RBI placed in the public domain a draft scheme of amalgamation of LVB with DBS Bank India Ltd (DBIL).
Nov 18, 2020, 10:11 AM IST
Lakshmi Vilas Bank placed under moratorium; withdrawal limit for customers capped
During the month-long moratorium, cash withdrawal limits for Lakshmi Vilas Bank customers have also been capped at Rs 25,000.
Nov 17, 2020, 20:30 PM IST
Have you recieved EMI cashback from your loan provider? Here is how you can check
Want to check if you have recieved EMI cashback or not?
Nov 05, 2020, 16:43 PM IST
Check your bank statement right now, have you recieved cashback from your loan provider?
Last week, the Reserve Bank had asked all lending institutions, including non-banking financial companies, to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020.
Nov 05, 2020, 10:38 AM IST
EMI Interest Cashback scheme: No benefit for these categories
The affidavit filed by the Centre, through the Ministry of Finance, brings relief to a large section of borrowers.
Oct 30, 2020, 15:23 PM IST
EMI Moratorium: Lenders to credit interest on interest to loan borrowers by Nov 5, Centre tells SC
The Ministry of Finance has said that after crediting this amount, the lending institutions would claim reimbursement from the Central government.
Oct 27, 2020, 15:18 PM IST
EMI Moratorium: RBI asks lenders to implement waiver of interest on interest scheme
The government had asked the lending institutions to complete the exercise of crediting the amount in the accounts of borrowers by November 5.
Oct 27, 2020, 14:42 PM IST
