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MORATORIUM FLOOD LOANS
As Assam battles floods, Himanta says people must decide if they need Modi's presence or supportAssam Chief Minister Himanta Biswa Sarma questioned the necessity of Prime Minister Narendra Modi's physical presence. He stated that the g...- Assam flood toll reaches 80, over 2 lakh people affectedAssam floods have claimed eighty lives, affecting over two lakh people in eight districts. The state government announced a six-month loan ...
- Rahul Gandhi writes to FM seeking relief to farmers on repayment of crop loans"Crores of farmers across India are similarly placed. In this backdrop, I request your kind intervention in extending the moratorium on rep...
- Kerala government seeks moratorium on repayment of loansKerala has sought a moratorium of loans without accrual of interest and penal interest during the moratorium period.
- Lenders collection efficiency at pre-Covid levels: ICRAWith collections bouncing back to the pre-moratorium levels in most of the secured asset classes and businesses of non-bank lenders nearing...
- Moratorium wary lenders go slow on festive auto loan offersAlthough car loan rates are the lowest in the last 12 months, auto dealers and marketers say banks and financiers are being extra cautious ...
- View: What can governor Shaktikanta Das learn from Subbarao’s mistakes?As the payment moratorium deadline draws closer, Governor Shaktikanta Das’ dilemma may be no different from Subbarao’s. How to exit the Cha...
- RBI flags stock market cheer, warns of bad loan spikeThere is "a growing disconnect between the movements in certain segments of financial markets and real sector activity,'' said RBI Governor...
- We are comfortable with capital, no need to raise funds: Bandhan Bank‘Bandhan Bank has 27 per cent capital adequacy and I do not feel that any new equity, new funds will need to be raised for the bank.’
- Grim Reaper: Farmer suicides shake the flood-ravaged district of IdukkiWithout adequate revenue, flood-ravaged Idukki farmers are struggling to repay loans.
- NHB to provide concessional refinance for house construction, repair in KeralaFinancial Services Secretary Rajiv Kumar said that as part of the Kerala relief measures, need-based top-up loans for house repairs would b...
- Kerala floods: Shares of these companies will be impactedWhile the floods wreaked havoc on the finances of people living in the state, they could also have an impact on the portfolios of others el...
- Exemptions given to flood victims for repayment of loans: RBIThe Madras High Court was told by RBI that a circular has been issued by it for various banks regarding exemption given for people in the f...
- Tamil Nadu CM Jayalalithaa unveils measures for MSME's to assuage deluge pinchTN CM Jayalalithaa unveiled various steps, including loan moratorium, interest-free lendings and relaxation of norms for unemployed educate...
- Rs 1 lakh crore small business loans at risk after Chennai floodsIn the aftermath of the calamity , banks have been asked to waive penalty on repayment of loans as well as defer compounding of interest ch...
- Tamil Nadu CM J Jayalalithaa urges PM Narendra Modi to declare floods as national calamityReferring to the destruction caused by the four rounds of floods in most districts, she said there has been extensive damage to infrastruct...
- Banks can extend loan repayment up to 5 years for crop loss: RBIIf crop damage is 33 per cent, the loan repayment period can be extended up to 2 years, including one year of moratorium.
- Centre to go beyond duty to help Jammu and Kashmir, says MoS Jitendra SinghMinister of state in the PMO, Jitendra Singh, has saidCentre would go beyond its duty to ensure flood-hit J&K was back on its feet.
- J&K approves special assistance package of RS 44,000 crore for submission to governmentThe approval to the special assistance package was granted by the state government at a marathon cabinet meeting chaired by Chief Minister ...
- Diamond city sinks into Rs 14,300-cr lossSurat has suffered losses to the tune of Rs 14,300 crore due to the devastating floods that ravaged the ‘diamond city’ for a week, accordin...
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