Loan Moratorium
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Only loan accounts without default as of 1 March can apply for restructuring, clarifies RBI
•The Indian central bank also clarified that all farm credit exposures, including from NBFCs, can be recast under the pandemic-related resolution framework issued in August, but loans to allied activities are excluded
Extension of loan moratorium period by six months may affect overall credit discipline, RBI tells SC
•In an affidavit, the RBI has said that a long moratorium period could also increase the risks of delinquencies after resumption of scheduled payments
SC asks Centre, RBI to put Kamath panel suggestions, their decisions on loan moratorium on record within a week
•In the hearing conducted over video conference, the apex court took note of grievances that various sectors such as real estate have been left out under the Centre's new proposal
SC gives Centre, RBI, banks more time to file reply in loan moratorium case; next hearing on 5 Oct
•On 10 September, the apex court adjourned the hearing ordering that all decisions by RBI, Centre and banks be placed before it for consideration
Ola, Uber drivers go on strike in Delhi-NCR, demand extension of loan moratorium till Dec and fare hike
•The cab drivers will assemble near Himachal Bhawan at Mandi House on Tuesday to seek government action on their demands
Moratorium period on loan repayment extendable by two years due to COVID-19: Centre, RBI tell SC
•The apex court had earlier asked the Centre and the RBI to review the move to charge interest on deferred EMIs during the moratorium period
COVID-19 impact: Extension of concession period for toll road operators unlikely to provide adequate relief, says ICRA
•Post-resumption of tolling, toll collections reached 30-35% of pre-COVID-19 levels in last week of April 2020, which subsequently improved to 50-55% in May 2020, it added.
HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know
Fp Staff •HDFC Bank announced that it has extended the loan moratorium by another 3-months
Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
•With incremental bank lending making up the bulk of the government's nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report
Coronavirus Lockdown: SC issues notice to Centre, RBI on plea against interest on loans during moratorium
•The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has now been extended by another three months till August 31 due to the coronavirus pandemic