Tag Archives: banks

Although new cases under India’s insolvency law have been suspended for six months, lenders have the RBI’s stressed assets resolution framework released on June 7 last year to appeal, said Rajnish Kumar, chairman of the State Bank of India (SBI). In June, President Ram Nath Kovind signed an ordinance suspending …

NEW DELHI: The Supreme Court Thursday extended loan repayment moratorium until September 28 and directed banks do not declare any loan as NPA (unproductive asset) for non-payment of fees during the period. The plan’s previous deadline, which was implemented to help borrowers overcome the Covid-19 crisis, had ended on August …

Lenders are likely to use the deep restructuring allowed by the KV Kamath committee’s recommendations sparingly, and may instead choose to offer an extended moratorium and long repayment periods to borrowers to avoid haircuts. Lenders may prefer to allow borrowers more leeway to make repayments, in anticipation of better cash …

Indian markets were flat on Thursday. 3 min read . Updated: September 4, 2020 10:43 am IST Madhumita Sen Choudhury Benchmarks fell 1.5% at the open, but broke out of lows: Sensex was down 496 points and Nifty was down 132 points. Welcome to the Mint Live Blog. Follow this …

Here is a list of the top ten stocks that may appear in the news on Friday: Banks and financial services: The Supreme Court has ordered banks not to label loans that were standard as of August 31 as delinquent, even if there was a default, until new orders are …

NEW DELHI – A great relief to individuals and commercial borrowersthe Supreme Court asked Thursday banks do not declare any loan account as unproductive asset (NPA) until it approved new orders on a slew of petitions challenging charging interest on loans during the six-month payment freeze that ended on August …

NEW DELHI : The moratorium on loan repayment can be extended up to two years, according to an Aug. 6 circular from the Reserve Bank of India, Attorney General Tushar Mehta told the Supreme Court on Tuesday. “We are in the process of identifying the sectors in difficulty to vary …

Representative image NEW DELHI: The Ministry of Finance of the Union has advised all the banks do not charge any fees on proceedings or payments made through electronic modethe Central Board of Direct Taxes (CBDT) said in a statement Sunday. According to the CBDT, some representations revealed that some banks …

The Reserve Bank is unlikely to extend the moratorium on bank loan repayments beyond August 31, as an extension could affect the credit behavior of borrowers without solving the problems they face after the COVID-19 outbreak. sources said. The RBI had announced a moratorium on debt repayment for six months …

[ad_1] Lenders say there aren’t many stakeholders even for the covid-19 lines of credit that the government wants banks to push aggressively, two bankers said on condition of anonymity. Any demand that exists comes primarily from small businesses that have difficulty paying staff salaries and covering fixed costs. “It is …