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 …
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The Indian economy is “stressed,” the central government told the Supreme Court on Tuesday, noting that issues related to charging interest on defaulted loans and interest on such interest require detailed consideration by the Center, the Bank. of the Reserve of India (RBI) and the bankers. Association. Attorney General Tushar …
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The government informed the Supreme Court on Tuesday that the loan moratorium period can be extended by two years according to a circular from the Reserve Bank of India. That came a day after a moratorium, or temporary relief, on loan repayments allowed to lenders due to the coronavirus pandemic …
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NEW DELHI: Attorney General Tushar Mehta told the Supreme Court on Tuesday that the moratorium period for loan repayments can be extended up to two years according to the RBI circular. Mehta, on behalf of the Center and the RBI, presented: “We are in the process of identifying the sectors …
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MUMBAI : The Reserve Bank of India will not extend the moratorium on loan repayments after it ends on August 31, people familiar with the matter said. While an extension was actively being considered, the RBI chose not to do so because it was concerned about changes in credit behavior …
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