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Lenders to credit interest on interest to loan borrowers by Nov 5, Centre tells SC

Lenders to credit interest on interest to loan borrowers...

Nov 2, 2020 0 2108

The Ministry of Finance has said that after crediting this amount, the lending institutions would claim reimbursement from the Central...

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Govt may compensate borrowers who didn’t opt for moratorium

Govt may compensate borrowers who didn’t opt for moratorium

Oct 4, 2020 0 622

Amid confusion on compensation for debtors who didn’t avail the six-month moratorium, the finance ministry will discover choices equivalent...

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Loan moratorium can be availed for 2 more years. Should you apply?

Loan moratorium can be availed for 2 more years. Should...

Sep 28, 2020 1 6059

Banks have started offering a moratorium of two years to retail investors under the loan restructuring policy Customer needs to consider...

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Now the interest will not be paid on EMI exemption of Loan Moratorium, the government has taken a big step

Now the interest will not be paid on EMI exemption of Loan...

Sep 12, 2020 5 61161

The central government has set up a committee on RBI’s loan moratorium (exemption for non-payment of EMI) scheme for exemption of...

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EMI Moratorium: Restructuring of home, car, personal loans as per RBI circular – Explained

EMI Moratorium: Restructuring of home, car, personal loans...

Sep 11, 2020 0 18779

The resolution plans can include modification of terms of advances, restructuring, rescheduling of payments, granting of the moratorium,...

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EMI moratorium to LPG price: These five things are likely to change from September

EMI moratorium to LPG price: These five things are likely...

Sep 8, 2020 0 5531

LPG cylinder gas prices are likely to change from September 1 as well. There are speculations that in view of the coronavirus pandemic,...

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RBI May Not Extend Moratorium on Repayment of Loans Beyond August 31

RBI May Not Extend Moratorium on Repayment of Loans Beyond...

Aug 29, 2020 0 17609

The RBI had announced a moratorium on repayment of debt for six months beginning March 1, 2020 to help businesses and individuals...

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Opted for EMI Moratorium? You may not be able to transfer your loan

Opted for EMI Moratorium? You may not be able to transfer...

Aug 19, 2020 0 495

Note that there is no regulation that bars any customer, including those who have opted for the moratorium, to go for balance transfer...

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SBI looking to extend moratorium to NBFCs and microlenders

SBI looking to extend moratorium to NBFCs and microlenders

May 6, 2020 0 3056

RBI allowed banks access to 3-year funding worth ₹50,000 crore for investing in investment grade papers of NBFCs, MFIs

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