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LOAN MORATORIUM NEWS
Joe Biden to extend student loan moratorium till AugustWhite House is again set to extend the student loan moratorium to allow borrowers to prepare well for the loan repayment. Borrowers will no...- 7 home loan repayment options to choose fromWhichever loan you finally decide on, make sure you have a plan to repay the entire outstanding amount as early as possible.
- How individual borrowers can use RBI’s second loan moratorium offered due to coronavirusAny default on repayment not only leads to higher cost in terms of interest and penalties but also impacts one’s credit history negatively ...
- No compound or penal interest be charged from borrowers during moratorium period, directs SCThe bench refused to further extend the moratorium period beyond Aug 31, 2020, or the deadline for resolution of stressed assets beyond Dec...
- Market Movers: Banks, liquor stocks surge; 49 stocks give buy signalIn the broader market, the gains were similar to those seen in largecap stocks. The Nifty Midcap 100 and Nifty Smallcap 100 index closed 0....
- Supreme Court grants relief to borrowers, extends loan moratorium period till September 28The top court extended the interim order in which it had directed the banks not to declare as NPAs accounts that are unable to make repayme...
- Loan moratorium: A last-ditch attempt is on to save India's banks from collapsingAn affidavit filed by the finance ministry comes across as a last ditch attempt to convince the court that borrowers will get a chance with...
- Bank stocks' recovery in danger as SC to hear interest waiver issue tomorrowGajender Sharma, one of the petitioners, has sought a direction for waiver of interest on loan repayments during the moratorium.
- Government interested in businesses not people, says SC, as Centre stays mum on moratoriumThe court has given the government — which said it backs the RBI’s stand — until the next hearing on September 1 to clarify its own view on...
- Who does and does not qualify for a bank loan amid a pandemic?Banks are being especially cautious in lending to retail borrowers employed in Covid-hit sectors.
- SBI extends loan EMI moratorium: Here are all the detailsHere is a look at the details of SBI's loan EMI moratorium according to its website.
- SBI gives covid relief, extends loan EMI moratorium; starts notifying borrowers via SMSAccording to the PSU lender's press release, it has "proactively reached out to all of its eligible loan customers to obtain their consent ...
- Borrowers welcome RBI’s loan moratorium move, lenders fretThe RBI in its announcement added that in order to ameliorate the difficulties faced by borrowers in repaying the accumulated interest for ...
- RBI provides relief to SMEs by extending loan moratorium by another 3 monthsThe Governor also announced the further extension of three months for the deferment of interest on working capital facilities.
- RBI may extend moratorium on repayment of loans for three more months: ReportThe lockdown was first announced by PM Narendra Modi on March 24 for 21 days in a bid to combat the Covid-19 pandemic. It was first extende...
- RBI may extend moratorium on loans by another 3 monthsRBI is considering a proposal for extending the moratorium on bank loans by another three months.
- Only 15% commercial vehicles are plyingOnly 15% of the 25 lakh commercial vehicles are plying across India. The worst affected are automobile carriers; out of 18,000 car carriers...
- Over Rs 70,000 crore debt of NBFCs maturing in Q1The good news is that more than half of the debt is concentrated with the top 15 borrowers with strong parentage, and a portion of that has...
- Over Rs 70,000 crore debt of NBFCs maturing in Q1According to rating agencies, housing loans are the least risky in the finance sector.
- Loan moratorium may restrain banks from proactive recovery: Moody’sAA prolonged period of weaker growth will raise India's debt burden from already high levels.
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