The Finance Ministry said Thursday that it has established a committee of experts to assess the impact of the “waiver of interest and waiver of interest on interest” of the COVID-19 moratorium on the economy and suggest measures to provide relief to borrowers. The committee comprised of former chairman of …
Read More »
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 »
Judges Ashok Bhushan, R Subhash Reddy and MR Shah are hearing petitions challenging the Reserve Bank of India’s decision to charge interest on term loans during the moratorium period introduced in light of the pandemic. The Supreme Court is hearing petitions challenging the Reserve Bank of India’s decision to charge …
Read More »