Tag Archives: extension of the loan moratorium

In the wake of the coronavirus pandemic in the country, the Reserve Bank of India announced in March a moratorium on repayment for three months. Subsequently, the central bank extended the moratorium period until August 31. Later, a borrower from Agra filed a petition in the Supreme Court not to …

In March, the RBI had granted a 3-month moratorium on coronavirus loans (Representational) New Delhi: The Center should receive a call by Oct. 1 about how much time it will give borrowers who have been unable to repay loans due to the coronavirus pandemic. It also has to decide whether …

The Finance Ministry said Thursday that it has established a committee of experts to assess the impact of the “waiver of interest and waiver of interest on interest” of the COVID-19 moratorium on the economy and suggest measures to provide relief to borrowers. The committee comprised of former chairman of …

NEW DELHI: On Thursday, the Supreme Court ordered the provisional extension of the loan moratorium until September 28, ordering banks not to label any loans as delinquent until further instructions. The high court adjourned the case for the last time, giving the Center, the Reserve Bank of India (RBI) and …

The Reserve Bank of India (RBI) is likely to announce the financial parameters of its proposed loan restructuring plan soon. In his interview with CNBC AwaazRBI Governor Shaktikanta Das said banks can extend the loan moratorium by 3, 6, or even 12 months under the one-time restructuring. To mitigate the …

The center said RBI has presented a plan to extend the moratorium up to two years. Waiving interest on EMIs and interest on interest during the loan default period would be contrary to “basic finance royalties” and unfair to those who repaid loans as scheduled, the Center told the Supreme …

NEW DELHI: The Center and RBI reported Tuesday to Supreme Court that the moratorium period on loan repayment amid the Covid-19 pandemic is “extendable” for two years. Attorney General (SG) Tushar Mehta, appearing for the Center and the Reserve Bank of India (RBI), told a bank headed by Judge Ashok …

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 …