The Supreme Court today gave the government two more weeks “to come up with something concrete, to help borrowers ease their EMI burden by using an optional moratorium on repayment of loans allowed during the coronavirus crisis.” What is going to happen in two weeks? .. We are giving the …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »