In a relief to borrowers at the start of the holiday season, the government announced Friday night an interest waiver on loans up to ₹2 million rupees regardless of whether or not the moratorium was applied. On October 14, the Supreme Court ordered the Center to implement “as soon as …
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Representative image NEW DELHI: The Center is considering relief modalities for borrowers and will decide within two weeks whether banks will charge compound interest during the six-month moratorium period that ended on August 31, Attorney General Tushar Mehta told the Supreme Court while seeking to avoid a possible suspension of …
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NEW DELHI: The Supreme Court Thursday extended loan repayment moratorium until September 28 and directed banks do not declare any loan as NPA (unproductive asset) for non-payment of fees during the period. The plan’s previous deadline, which was implemented to help borrowers overcome the Covid-19 crisis, had ended on August …
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NEW DELHI – A great relief to individuals and commercial borrowersthe Supreme Court asked Thursday banks do not declare any loan account as unproductive asset (NPA) until it approved new orders on a slew of petitions challenging charging interest on loans during the six-month payment freeze that ended on August …
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Finance Minister Nirmala Sitharaman (File photo: ANI) NEW DELHI: Finance Minister Nirmala Sitharaman Thursday asked banks and NBFC to implement loan restructuring plan for COVID-19-related stress by September 15, and provide appropriate support to borrowers following the lifting of the moratorium on debt repayments. The minister urged lenders to immediately …
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