Loan Moratorium

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Loan Moratorium - Total results - 24
Supreme Court refuses to extended loan moratorium period, dismisses plea seeking interest waiver
India

Supreme Court refuses to extended loan moratorium period, dismisses plea seeking interest waiver

RBI had on 27 March last year allowed a moratorium on payment of instalments of term loans due between 1 March and 31 May, later extending the period till 31 August

SC to pronounce verdict on trade bodies’ plea seeking extension of loan moratorium, other relief
India

SC to pronounce verdict on trade bodies’ plea seeking extension of loan moratorium, other relief

The Centre had said that if it were to consider waiving interest on all loans for the RBI-mandated six-month moratorium, the amount foregone would be over Rs 6 lakh crore

Loan moratorium case: Lenders to credit ‘interest on interest’ to borrowers by 5 Nov, Centre tells SC
Business

Loan moratorium case: Lenders to credit ‘interest on interest’ to borrowers by 5 Nov, Centre tells SC

The Ministry of Finance has said that after crediting this amount, the lending institutions would claim reimbursement from the Central government

'Common man's Diwali in your hands': SC sets 2 Nov deadline for Centre to implement interest waiver
Business

'Common man's Diwali in your hands': SC sets 2 Nov deadline for Centre to implement interest waiver

The court said the Central Government should implement 'as soon as possible' interest waiver on loans of up to Rs 2 crore under the RBI moratorium scheme in view of the COVID-19 pandemic

Only loan accounts without default as of 1 March can apply for restructuring, clarifies RBI
India

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
India

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
Business

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
Business

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
India

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
Business

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
Business

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.

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
Business

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
Business

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

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494
India

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494

Coronavirus Outbreak LIVE Updates: Two police stations have been sealed partially after a head constable was tested positive for COVID-19. According to police, the infected head constable was overseeing the arrangements to quarantine people who came from Mumbai.

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August
Business

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August

Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis

Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers
Business

Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers

The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Friday, sources said.

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week
Business

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week

Public sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown.

Coronavirus Outbreak: RBI may extend  bank loan moratorium by another 3 months to help people, industry impacted by lockdown
Business

Coronavirus Outbreak: RBI may extend bank loan moratorium by another 3 months to help people, industry impacted by lockdown

With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months to help people and industry impacted by the ongoing lockdown to contain COVID-19

RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies: CRISIL Ratings
Business

RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies: CRISIL Ratings

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