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MORATORIUM INTEREST WAIVER
IBA reaches out to govt for refund of compound interest waiver by banksCompound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21, and the scheme covered all borrower...- India's public banks may have to take Rs 2,000 crore hit after SC order on interest waiverCompound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers...
- SC verdict on compound interest/penalty refund not to impact banks as govt to reimburse: Yes SecuritiesOn its verdict on a batch of pleas seeking moratorium extension beyond August 31, 2020, the apex court on Tuesday said it is a policy decis...
- 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...
- Loan moratorium: RBI urges SC to lift interim order banning declaration of NPAsIn a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim or...
- Interest on interest waiver: Banks start crediting accounts; FinMin issues additional FAQsFollowing directions from the Supreme Court, the government had last month announced the scheme for grant of ex-gratia payment of differenc...
- Who is eligible for compound interest waiver during moratorium and how much will be the benefitThe central government had earlier filed an affidavit in the Supreme Court stating that it would waive interest on interest on loans up to ...
- ET Explains: Everything you need to know about the new moratorium interest relief facilityDuring the moratorium, borrower paid interest on the interest, or compound interest. This is because interest due every month got added to ...
- Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia reliefLast 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 schemeThe scheme mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and com...
- Finance Ministry issues guidelines for implementation of interest waiver on loanAs per the scheme, the lending institutions shall credit the difference between compound interest and simple interest with regard to the el...
- Bring something concrete, common man's Diwali in government's hand: SC on loan reliefThe Supreme Court on Wednesday said the centre should implement "as soon as possible" interest waiver on loans of up to Rs 2 crore under th...
- Credit card users to gain more from ‘interest on interest’ waiverThe point to note, a public sector bank official said, is that the government’s proposal waives interest on interest during the moratorium,...
- View: SC must step aside and let the banks and GoI decide on interest waiverIf banks are forced to bear the cost, it will destroy the very premise on which modern banking is based, and have serious consequences.
- Centre ready to waive interest on interest during moratoriumIn its affidavit, the finance ministry said the government has decided to maintain its tradition of handholding small borrowers and bear th...
- View: Put depositors first. Relief to borrowers not at their costBank depositors are typically the most risk averse — the retired earning monthly income from deposits, or those saving for the future or si...
- 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...
- Govt shoots down en masse interest waiver on loans for moratorium period, favours long-term debt recast“A waiver of the interest on interest during moratorium would also be against the basic canons of finance,” the govt said.
- Moratorium: Banks oppose waiver of loan interestThe RBI had announced the moratorium, which ends August 31, to protect borrowers hit by the Covid-19 crisis. The lenders opposed any intere...
- Uday Kotak against waiver of interest during moratorium periodPeople asking for moratorium on interest also need to keep in mind the interest of depositors, he said, adding "it cannot be an unequal gam...
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