INTEREST WAIVER

Interest on interest waiver: Banks start crediting accounts; FinMin issues additional FAQs

Following directions from the Supreme Court, the government had last month announced the scheme for grant of ex-gratia payment of differenc...

Loan moratorium: Banks told to credit 'interest on interest' to borrowers, RBI tells SC

"I say..Ministry of Finance, Department of Financial Services in view of the unprecedented and extreme COVID-19 situation vide its letter ..

Interest-on-interest waiver: Crop, tractor loans not part of ex-gratia relief scheme

Issuing additional frequently asked questions (FAQs) on the 'scheme for grant of ex-gratia payment of difference between compound interest ...

Who is eligible for compound interest waiver during moratorium and how much will be the benefit

The central government had earlier filed an affidavit in the Supreme Court stating that it would waive interest on interest on loans up to ...

Interest on interest waiver: How much do you stand to save?

Shambhavi Mehrotra of ET Online speaks to Adhil Shetty, CEO, BankBazaar.com, who explains the math and mechanism of the interest waiver on ...

Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia relief

Last Friday, the government had announced the scheme for grant of ex gratia payment of difference between compound interest and simple inte...

RBI asks lending institutions to implement waiver of interest on interest scheme

The scheme mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and com...

November 5 deadline to credit benefit of loan interest waiver

In an affidavit in Supreme Court on Saturday, the government said all financial institutions have been asked to credit the difference betwe...

Banks say government's interest waiver will add to costs, spark litigation

Bankers are also concerned about that waivers may distort the culture of lending in India and argue that there are other ways to help borro...

Loan moratorium: SC dissatisfied with Centre's affidavit on interest waiver; hearing deferred to October 13

Dissatisfied with an affidavit filed on two petitions, seeking an extension of the moratorium period on the repayment of loans and waiver o...

Credit card users to gain more from ‘interest on interest’ waiver

The point to note, a public sector bank official said, is that the government’s proposal waives interest on interest during the moratorium,...

Banks relieved as govt will foot bill for interest waiver

The government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty o...

Centre ready to waive interest on interest during moratorium

In its affidavit, the finance ministry said the government has decided to maintain its tradition of handholding small borrowers and bear th...

Centre’s decision to waive interest on interest could cost Rs 7,000 crore

In its affidavit, the finance ministry said the government has decided to maintain its tradition of handholding small borrowers and bear th...

Loan moratorium: Centre agrees to waive interest on interest on loans up to Rs 2 crore

The Centre on Friday informed the Supreme Court that it has decided to waive "interest on interest" on loans up to Rs 2 crore during the si...

Loan moratorium: Centre hints at holistic package, SC hearing on interest waiver deferred to Oct 5

The Supreme Court on Monday deferred the hearing on loan moratorium case to October 5. Centre told the court that the issues are under acti...