Tag: moratorium
17 Results
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WHO calls for extension of moratorium on Covid booster doses
"We don't want any more promises. We just want the vaccines," said Tedros.
September 9, 2021 -
Supreme Court restrains banks from charging interest-on-interest on borrower during moratorium
The bench pronounced the verdict in the case of Small Scale Industrial Manufacturers Association vs Union of India the judgment for which was reserved on December 17, 2020.
March 23, 2021 -
Diwali gift to borrowers: Govt waives interest on interest for loans up to Rs 2 cr
The top court, which posted the matter for hearing on November 2, told the advocates appearing for the Centre and banks that "Diwali is in your hand".
October 24, 2020 -
Government readies to waive-off ‘interest on interest’ on loans up to Rs 2 crore during moratorium
It added that it will seek parliament's permission for grants to enable the move.
October 3, 2020 -
75% companies availing moratorium are sub-investment grade: CRISIL
While the moratorium ended on Monday, debt restructuring announced by the RBI recently can play a crucial role in supporting the credit profiles of the mid-sized companies.
August 31, 2020 -
RBI unlikely to extend loan moratorium: Report
The source further said that a longer moratorium period exceeding six months can impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments.
August 29, 2020 -
‘All because of lockdown, Govt can’t only focus on business’: SC pulls up Centre on moratorium issue
The top court has granted one-week time to Solicitor General Tushar Mehta to file an affidavit clarifying Centre's stand and posted the matter for further hearing on September 1.
August 26, 2020 -
Vodafone Idea will clear accumulated interest on loans after moratorium ends on Aug 31: Report
The telco reportedly gave assurance to its lenders saying that it will not seek loan restructuring or easing of terms of repayment.
August 24, 2020 -
SC asks FinMin, RBI to convene joint meet to decide on moratorium period interest
On March 27, with an aim to ease burned on the borrowers during the COVID-19 lockdown, the central bank had extended the moratorium period by another three months till August 31.
June 12, 2020 -
RBI cuts lending rates by 40 bps; extends loan moratorium by 3 more months till August
The RBI Governor Shaktikanta Das announced that the Monetary Policy Committee of the central bank voted with to reduce the key-repo-rate to 4 per cent from 4.40 per cent.
May 22, 2020 -
SBI agrees to extend moratorium relief to NBFCs: Reports
On Saturday, RBI Governor Shaktikanta Das held a meeting of held meeting with public and private sector banks where the issue of loan moratorium was also reviewed.
May 6, 2020 -
COVID-19: NBFCs ask RBI for one-time restructuring of all loans till Mar 2021
The industry body said all their customers are facing disruptions in cash flow cycles, which is likely to be there for the major part of this fiscal.
May 5, 2020 -
RBI allows 3-month moratorium on EMIs of all term loans; NITI Aayog chief lauds move
The RBI made it clear that this will not affect the credit history of people and neither will it let to asset classification.
March 27, 2020 -
Govt notifies reconstruction scheme for crisis-hit YES Bank, moratorium to end in ‘3 working days’
Last week, the RBI placed YES Bank under moratorium and capped the withdrawal limit at Rs 50,000 till April 3, due to deteriorating financial health of the bank.
March 14, 2020 -
Due diligence on YES Bank, have time till Monday to respond to RBI’s draft scheme: SBI
In its draft 'YES Bank Ltd. Reconstruction Scheme, 2020' announced on Friday evening, the RBI said that SBI has expressed willingness to invest in the private lender and that it will bring in 49 per cent equity.
March 7, 2020 -
Aware of YES Bank crisis since 2017, says Sitharaman; RBI announces reconstruction plan
In a draft reconstruction plan for the crisis-ridden Yes Bank, the RBI said that SBI has expressed willingness to invest in the private lender and that it will bring in 49 per cent equity.
March 6, 2020 -
YES Bank crashes 85% after moratorium; RBI says taking ‘very swift action’ to revive bank
Meanwhile, Chief Economic Advisor Krishnamurthy Subramanian on Friday assured all depositors of YES Bank that their funds will remain safe and there is no need to panic.
March 6, 2020