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CORONAVIRUS PANDEMIC REPAYMENT
EU lawmakers want to tax Big Tech to fund budgetEuropean Union lawmakers are pushing for a bloc-wide tax on major technology firms and online gambling businesses. This move aims to genera...- Germany could spend up to €9 bn more on defence from 2028, minister saysGerman Finance Minister Christian Lindner expects up to 9 billion euros ($9.7 billion) in additional defence spending from 2028 if Germany ...
- Kerala Finance Minister demands moratorium on loan repayments amid pandemic woesThe state has also put forward the proposal that GST compensation framework, which is to end in July next year, should be extended for anot...
- Corporate Affairs Ministry defers implementation of CARO orderThe government has deferred implementation of the strict disclosure requirements for auditor reports of companies by one year, a move that ...
- Despite improved collections, bad loans could rise: Moody’s“As payment moratoriums came to an end in August, collections in rated Indian ABS improved markedly in September and October, although they...
- Fitch downgrades Sri Lanka as default fears loomRatings agency Fitch downgraded Sri Lanka's sovereign debt to "CCC" on Friday, warning that the country was at increasing risk of missing d...
- Better than expected: Auto loan repayments bring cheer to lendersLenders such as HDFC Bank, Shriram Transport Finance, Mahindra Finance and AU Small Finance Bank said that repayments have been normal, and...
- 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...
- COVID-19: 65% people suffer loss of income, 55% may seek loan recast, says surveyThe consumer survey report 'Dealing with Debt: How India plans to pay EMIs' by paisabazaar.com was undertaken to gauge the impact of corona...
- Rajya Sabha passes amendment in Insolvency and Bankruptcy CodeReplying to a debate on the Bill in the House, Finance Minister Nirmala Sitharaman said the intention of the IBC is to keep companies a "go...
- Indian airlines seek $1.5 billion interest-free credit line from governmentAirlines including IndiGo, Vistara, a joint venture between Tata Sons and Singapore Airlines, SpiceJet and state-run carrier Air India, als...
- NBFIs to face liquidity, asset quality risks in near term: FitchFitch said cash flow implications of the moratorium, which the RBI has extended to end-August, have not been uniform across the industry, a...
- Deposit repayment reserve: Companies get more time for compliance amid COVID-19In a circular issued on Friday, the corporate affairs ministry said it was extending the deadline for the two requirements from June 30 to ...
- Interest subvention on crop loans extended till August 31The Reserve Bank of India on May 23, 2020 had permitted all lending institutions to extend moratorium on repayment of loans by another thre...
- Bank of India sees impact on recoveries, profitability due to COVID-19The impact of COVID-19 is different in different territories, based on its severances and category of zone such as Red, Orange or Green, Ba...
- Debt downgrades can push India bank fund raising to $20 billionState-run banks will need $13 billion from the government to recapitalize.
- Faircent launches ‘Anti Lockdown Loans’ to help ease liquidity pressure amid Covid-19Faircent.com has launched “Anti-Lockdown Loans” to help ease liquidity pressure amid Covid-19 outbreak.
- Coronavirus lockdown: Banks stare at defaults as cabbies go homeVehicle loans represent a huge risk for lenders who have provided loans to nearly 80% of the cabbies.
- Loan moratorium: Banks ask customers to be cautious against fraudsThe cyber criminals pretending as officials of banks have been reaching out to borrowers, offering them assistance to avail the loan repaym...
- RBI likely to announce liquidity-boosting stepsThe market has been expecting an off-cycle interest rate cut by the Reserve Bank of India.
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