Tag Archives: loans

NEW DELHI: The Center said Tuesday The Supreme Court that waiver of interest during the moratorium period because not all borrowers would be in the broader national economic interest, as it would not be viable and could lead to the collapse of the entire banking system. Attorney General Tushar Mehta …

NEW DELHI: The Center said Tuesday The Supreme Court that waiver of interest during the moratorium period because not all borrowers would be in the broader national economic interest, as it would not be viable and could lead to the collapse of the entire banking system. Attorney General Tushar Mehta …

NEW DELHI: The Center said Tuesday The Supreme Court that waiver of interest during the moratorium period because not all borrowers would be in the broader national economic interest, as it would not be viable and could lead to the collapse of the entire banking system. Attorney General Tushar Mehta …

The Center informed the Supreme Court on Tuesday that if it considered waiving interest on all loans and advances to all categories of borrowers during the six-month moratorium period announced by the RBI in light of COVID-19 pandemic, then the amount lost would be more than Rs 6 lakh crore. …

Kotak Mahindra Bank maintained its conservative approach amid a pandemic, choosing to reduce its loan book to avoid risk in the September quarter. The private sector lender’s loan portfolio contracted a deeper 4% year-on-year in the September quarter, compared with a 1.9% drop in the June quarter. The downsizing pattern …

The plan will be implemented even for borrowers who did not avail themselves of the moratorium. Three weeks after informing the Supreme Court that the Center would pay the additional compound interest on loans up to ₹ 2 crore used by retail borrowers, as well as micro, small and medium-sized …

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

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 …

MUMBAI: On Monday, the Supreme Court gave the Reserve Bank of India and the Center one week to file additional affidavits on the compound interest exemption issue during the moratorium period for loans up to ₹2 crore. The higher court will hear the matter on October 13. It asked the …

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 …