Tag Archives: loan default

NEW DELHI: Amid demands for help from sectors like real estate, the Center said Friday that it would not be possible to add to the already announced financial aid packages and waive compound interest for the six-month loan repayment period months. He also urged the Supreme Court not to receive …

The Supreme Court (SC) said on Monday that the affidavit presented by the Center on October 2 on the exemption of compound interest on defaulted loans after the coronavirus disease (Covid-19) does not address several issues raised by various petitioners. and asked the government and the Reserve Bank of India …

NEW DELHI: The government’s decision to waive “interest on interest” during the March-August period loan default period it will benefit everyone with loans of up to Rs 2 crore, but if you have a home loan, especially one that was used several years ago, your savings will not be much. …

The announcement, made in an affidavit before the Supreme Court, was welcomed by retailers and small businesses that have been hit the hardest by the pandemic. But it came twinned with a warning. Bearing the cost of paying interest on interest, he told the court, “would naturally have an impact …

The Supreme Court today allowed the government one more week to draft a loan default plan to ease the financial burden on borrowers during the coronavirus crisis. The high court, which had asked the government to present its plan on September 28, postponed the hearing until October 5 after the …

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis, as the high court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks “to come up with something concrete” …

HDFC Bank has recently published its policy for the restructuring of loans from individuals and entities that have been affected by the COVID-19 pandemic. Have a look Who is eligible for restructuring? a) Individuals and entities that are classified as standard, but are not in default for more than 30 …

Gajendra Sharma, 53, an optician, poses inside his eyeglass shop in Agra. Agra: When business evaporated at Gajendra Sharma’s eyewear store a few miles from the Taj Mahal in Agra during the strict COVID-19 shutdown, he was relieved to learn of a pandemic debt moratorium that would give him a …

File photo of the Supreme Court of India. (Image credit: PTI) The Reserve Bank of India had submitted the notification in March after the nationwide lockdown was imposed to curb the spread of the pandemic and had granted the deferred payment facility of installments to borrowers and the plan finalized …

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 …