Tag Archives: COVID-19

Sitharaman asks banks to implement resolution schemes by September 15

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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LIVE UPDATES from the Supreme Court

Judges Ashok Bhushan, R Subhash Reddy and MR Shah are hearing petitions challenging the Reserve Bank of India’s decision to charge interest on term loans during the moratorium period introduced in light of the pandemic. The Supreme Court is hearing petitions challenging the Reserve Bank of India’s decision to charge …

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