The Reserve Bank of India (RBI) is likely to announce the financial parameters of its proposed loan restructuring plan soon. In his interview with CNBC AwaazRBI Governor Shaktikanta Das said banks can extend the loan moratorium by 3, 6, or even 12 months under the one-time restructuring. To mitigate the …
Read More »
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 …
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 »