HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know
HDFC Bank announced that it has extended the loan moratorium by another 3-months
The country's largest car maker Maruti Suzuki India on Thursday said it has partnered with HDFC Bank Ltd to offer flexible finance schemes for new car buyers
The Reserve Bank of India's three-month suspension of EMIs could provide a liquidity breather of Rs 2.10 lakh crore if all corporates avail it, says a report
In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against ''EMI moratorium frauds'' and strongly advising them not to share sensitive information like OTP and PIN with imposters
EMI deferment as part of coronavirus relief may not be free; SBI clarifies moratorium to come at extra cost
According to a report by The Financial Express, SBI management on Wednesday clarified that the deferral of interest payment and not the waiver hence it would come at a cost
State-run Bank of Baroda on Wednesday said it is offering retail customers the option of getting a refund of the EMI that already has been deducted in March to meet any liquidity need during the disruption caused by COVID-19 pandemic
RBI allows three month's moratorium on EMIs: Here are the steps to follow if you are an account holder in SBI, ICICI and HDFC banks
Here’s what you need to do to apply for a moratorium on loan EMIs and standing instructions provided by several banks such as SBI, ICICI Bank and HDFC Bank
Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India
Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later
The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks
Several reports have stated that despite the central bank's guidelines, borrowers were receiving messages reminding them that their EMI is due.
Coronavirus Outbreak: Confusion prevails among borrowers over three-month moratorium as many get EMI reminders
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak
Coronavirus Outbreak: Slashed interest rate needs quick transmission, says Nirmala Sitharaman after RBI repo rate cut
Finance Minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in the financial system to deal with the COVID-19 pandemic
Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference
The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier
Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways
The Central government on Wednesday unveiled an economic package worth Rs 1.7 lakh crores primarily focussed at the poorest and most vulnerable sections of the society.
Coronavirus outbreak: Goa tourism industry may suffer loss of over Rs 1,000 cr; urges govt to provide tax relief
Travel and Tourism Association of Goa held a meeting on Thursday to review the stringent curbs imposed by the state government in light of the COVID-19 pandemic.
Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month
RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper
The Reserve Bank on Friday cut its benchmark lending rate by 0.25 percent to revive growth that has hit six-year low of 5 percent, and affirmed commitment to remain accommodative to address growth concerns 'as long as necessary'
SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans
At present, SBI has a floating rate home loan product linked to its marginal cost of funds-based lending rate and it recently withdrew one linked to the repo rate.
HDFC Bank's credit and debit cards, christened Millennia come with a slew of features like a 5% cashback on shopping and a 1% fuel surcharge waiver
SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit
Recently, SBI reduced MCLR by 15 bps due to which overall home loan interest rate is now reduced by 35 bps since April 2019.