Tag Archives: loan

The CEO of Yes Bank Ltd., which helped the lender out of India’s biggest bailout, is bracing for the fallout from the pandemic. The coronavirus outbreak has “created a problem” in the loan portfolio, even as progress has been made in addressing key drawbacks, such as weak governance, fundraising challenges …

New Delhi: In a relief for borrowers at the start of the holiday season, the government announced on Friday evening the exemption of interest on loans of up to 2 million rupees regardless of whether the moratorium was applied or not. The Department of Financial Services issued operational guidance in …

As an important Diwali gift to borrowers, the Ministry of Finance has approved guidelines for an ex gratia repayment plan of the difference between compound and simple interest for six months of loans up to ₹2 crore. The guidelines emerged after the Supreme Court ordered the Center to implement “as …

On Wednesday, the Supreme Court said that the government should implement “as soon as possible” the exemption of compound interest on loans of up to 2 million rupees under the RBI moratorium scheme, as the borrower cannot be expected to keep waiting. for a month, adding that the common man’s …

Written by Ritu Sarin | New Delhi | Updated: October 5, 2020 7:05:11 am Many borrowers used common addresses and the Bandra Books entities charged a lower interest rate, all of which contributed to the insolvency crisis at DHFL. (File photo) Hundreds of fictitious loan accounts, deposits routed through an …

The compound interest accrued during the six-month moratorium on the repayment of loans of up to two million rupees taken by individuals and micro, small and medium-sized enterprises (MSMEs) will not be applied, the Center told the Supreme Court in an affidavit on Friday. The moratorium was announced as part …

The client at the receiving end sent a legal notice to the branch manager demanding compensation of Rs 1 lakh for the mental stress he had to endure. Days after the manager of a branch in Ariyalur, Tamil Nadu allegedly turned down a loan to a client for not knowing …

MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …

[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 …

[ad_1] With a further extension of the national blockade, the RBI is considering a proposal to extend the bank loan moratorium for another three months to help people and industry affected by the continued blockade to contain COVID-19. According to sources, suggestions from various sectors, including the Association of Indian …