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LOAN MORATORIUM
Aluminium extrusion industry grappling with severe LPG, PNG shortages amid West Asia crisisIndia's aluminium extrusion sector faces a crisis. The Aluminium Extrusion Manufacturers Association of India, ALEMA, is calling for govern...- 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 ...
- Better alternatives to loan moratoriumThe concern is real, and it is imperative to address the distress in India’s small business universe that prompts such calls. But moratoriu...
- 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...
- Supreme Court pronounces verdict on plea seeking extension of loan moratoriumSupreme Court pronounces verdict on plea seeking extension of loan moratorium
- Government opposes further loan moratoriumThe government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan mor...
- Loan moratorium is fiscal policy matter, govt on top of it & required steps taken: Centre to SCThe apex court was hearing a batch of petitions relating to charging of interest on interest by banks on EMIs, which were not paid by the b...
- Supreme Court to resume hearing on loan moratorium, interest on interest waiver case todayThe RBI had given a loan moratorium owing to Covid-19 and its fallout on businesses and consumers' income. The period of moratorium had end...
- SC defers hearing to November 5 on pleas related to loan moratorium schemeThe Reserve Bank of India and the Finance Ministry have already filed separate additional affidavits in the apex court saying that the bank...
- Lenders to credit 'interest on interest' to borrowers account by November 5, Centre tells SC"Under the scheme, all lending institutions (as defined under clause 3 of the scheme) shall credit the difference between compound interest...
- Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to SCThe banking regulator fled the affidavit in pursuance to the apex court's October 5 order asking the Centre and the RBI to place on record ...
- 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...
- Finance Ministry constitutes expert committee to look into loan moratorium concernsThe committee, which has been asked to give its report within a week, has been tasked to measure the impact waiver interest and interest on...
- Supreme Court reprieve for borrowers in loan moratorium caseThe govt and RBI who are represented by solicitor general Tushar Mehta defended their stance and submitted that the issue required a holist...
- Most companies that availed loan moratoriums were facing challenges before COVID-19: CrisilThe RBI introduced the loan moratorium from March to help businesses and individuals impacted by the pandemic. Interest on the loans will k...
- 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...
- Policy on moratorium extension a key issue for Indian economy, says Christopher Wood"A critical question for the banks, the property market and indeed the economy is now whether the moratorium is extended yet again...Still ...
- 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...
- 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.
- RBI’s three month loan moratorium for businesses: Should you go for it?It is very important to decode the terms, conditions and the fine print of the moratorium before making a decision. The choice may not be t...
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