Moratorium

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Moratorium - Total results - 36
Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000; RBI proposes merger with DBS Bank
India

Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000; RBI proposes merger with DBS Bank

TN Manoharan, former non-executive chairman of Canara Bank, has been appointed as the administrator of the bank

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

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

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

RBI cuts repo rate by 40 bps: It is unexpected like rain in summer; regulatory, monetary measures to boost economy, say experts
Business

RBI cuts repo rate by 40 bps: It is unexpected like rain in summer; regulatory, monetary measures to boost economy, say experts

The Reserve Bank of India (RBI) on Friday slashed the benchmark lending rate by 40 basis points to mitigate the impact of COVID-19 crisis.

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

Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months
Business

Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months

In an off-cycle meeting of the Monetary Policy Committee (MPC), the decision was taken unanimously to cut repo to support growth.

Coronavirus Lockdown: RBI may extend moratorium on repayment of loans for three more months, says report
Business

Coronavirus Lockdown: RBI may extend moratorium on repayment of loans for three more months, says report

With the government extending the nationwide lockdown up to 31 May, the Reserve Bank of India (RBI) is likely to extend the moratorium on repayment of loans for three more months, according to an SBI research report

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

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
Business

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans
Business

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans

Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow.

RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
Business

RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman

In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.

Lockdown: NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection, says CRISIL
Business

Lockdown: NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection, says CRISIL

NBFCs have sought clarity from RBI on applicability of moratorium and also on access to a formal liquidity window which may provide some structural liquidity support to them similar to that available for banks.

EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters
Business

EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters

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
Business

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

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
Business

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

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium
Business

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium

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
Business

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

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive
Business

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive

Several reports have stated that despite the central bank's guidelines, borrowers were receiving messages reminding them that their EMI is due.