NEW DELHI: The Center informed the Supreme Court on Tuesday that if it considered waiving interest on all loans and advances to all categories of borrowers during the six-month moratorium period announced by the RBI (Reserve Bank of the United States) India) in view of the Covid -19 pandemic, then …
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NEW DELHI: The Center will waive ‘interest on interest’ charges on loans until ₹2 crore for six months through August. In an affidavit to the Supreme Court, the government said that due to unprecedented conditions “the only solution is for the government to bear the burden of waiving interest” and …
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Industrial Anil Ambani on Friday he claimed that he was a “simple man of simple tastes”, living a modest life devoid of any extravagance The times of India reported. The industrialist said in a UK court that he had “nothing significant” and that the exaggerated perceptions of his lavish lifestyle …
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Banks can restructure loans of more than 10 trillion rupees largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, which have been badly affected by the Covid-19 outbreak, according to the bankers. Finance Minister Nirmala Sitharaman last week asked banks and NBFC to implement a one-time …
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NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday called for a “swift implementation” of bank resolution plans aimed at reviving companies affected by the COVID-19 pandemic, and called on lenders to renew plans before September 15. Sitharaman also called on lenders to support borrowers, as the moratorium on loan repayments …
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[ad_1] The Union Finance Ministry said Tuesday that public sector banks (PSBs) sanctioned ₹$ 5.95 trillion in loans to small businesses, retailers, agriculture and corporate sectors between March 1 and May 8. “PSB sanctioned loans for value ₹5.95 trillion for more than 467,400 MSMEs accounts (micro, small and medium-sized companies), …
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