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loan moratorium

07 Apr 2021

Local lockdowns across the country, but RBI says no need for loan moratoriums

RBI on loan moratorium. RBI keeps key rates paused. 5th pause in interest rates.

22 Mar 2021

Supreme Court to pronounce verdict on loan moratorium on March 23

The government said this was the main reason why a waiver of interest was not even contemplated and only payment of instalments was deferred. The Centre has promulgated an emergency credit-linked guarantee scheme (ECLGS) of Rs 3 lakh crore providing additional credit at the lower rate of interest, with 100 per cent government guarantee and no fresh collateral, it had said. The scheme has been extended with higher financial limits to 27 COVID-19 impacted sectors including restaurant and hotel sectors, it had said.

loan moratorium

25 Oct 2020

Didn't miss out on EMIs during lockdown? Get cashback from bank

Union Finance Ministry notifies the relief for borrowers as per affidavit filed in SC. Under the scheme government will pay the difference between compound interest and simple interest for the 6 months of moratorium period. The process of crediting to be completed by November 5, 2020.

loan moratorium

24 Oct 2020

Centre issues guidelines for loan interest waiver, check how much money

Union Finance Ministry notifies the relief for borrowers as per affidavit filed in SC. Under the scheme government will pay the difference between compound interest and simple interest for the 6 months of moratorium period. The process of crediting to be completed by November 5, 2020.

10 Oct 2020

RBI says can't extend loan moratorium period as it will affect credit creation

RBI filed the fresh affidavit in loan moratorium case in SC on Friday after the top court rejected its earlier response claiming that it lacked ''necessary details''.

loan moratorium

28 Aug 2020

Loan moratorium: SC to hear fresh plea for extension of scheme till year end

The RBI had come out with the notification in March after the lockdown was imposed to curb the COVID-19 spread The central bank had given the facility of deferred payment of installments to borrowers and now, the scheme is ending on August 31 The SC bench was told that the adverse impact of the pandemic over the financial situation was still there, hence, the moratorium scheme needed to be extended till year-end

26 Aug 2020

Clear stand on charging additional interest on loan moratorium: SC to Centre

Problems in the economy created by Centre's lockdown: SC Clear stand on charging additional interest on loan moratorium: SC tells Centre The RBI had earlier announced an optional 6-month moratorium for customers towards fixed-term loans and EMI payments. The moratorium period ends on August 31

22 May 2020

RBI extends moratorium on loan repayments by three more months to August 31

Loans on all tenures have now been extended from June 1 till August 31.

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