Tag Archives: RBI

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 …

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 …

The long-awaited recommendations from the Restructuring Expert Committee of the Reserve Bank of India (RBI) have largely received the nod from analysts, albeit with some reservations. The committee, led by KV Kamath, presented its recommendations Monday night that span 26 sectors and has set thresholds for five indices that banks …

A week after Finance Minister Nirmala Sitharaman asked banks and non-bank financial companies (NBFC) to implement a loan restructuring plan for companies facing stress related to Covid-19, the Bank of The Reserve of India (RBI) announced on Monday the financial parameters for resolution plans under the scheme. The committee has …

Reserve Bank of India today released the report of the Committee led by KV Kamath, which recommended that financial parameters be taken into account in resolution plans under the ‘Resolution Framework for Covid-related Stress19’ along with specific reference ranges. sector for those parameters. The committee recommended financial ratios for 26 …

MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …

Written by George Mathew | Mumbai | Updated: September 5, 2020 11:10:56 am The RBI has also provided loans to farmers for the installation of solar power plants for the solarization of agricultural pumps connected to the grid. (Representational / File photo) The Reserve Bank of India (RBI) on Friday …

India’s Supreme Court approved an interim order on Thursday saying that accounts not reported as non-performing assets (NPAs) as of August 31 will not be declared as NPA until further notice. The high court on Thursday heard a series of petitions seeking a waiver of interest on the loan moratorium …

NEW DELHI : The moratorium on loan repayment can be extended up to two years, according to an Aug. 6 circular from the Reserve Bank of India, Attorney General Tushar Mehta told the Supreme Court on Tuesday. “We are in the process of identifying the sectors in difficulty to vary …

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 …