Restructuring benefit can be availed by those whose account was standard on March 1 and defaults should not be over 30 days.
While bankscharge a fee on borrowers if they miss paying their EMIs on time, they are not allowed to levy from borrowers whose moratorium request has been approved.
Subhash Gupta used to work in a private company when the lockdown started and he wasn’t paid for the next two months.
Chances are that you may be paying the land tax in your name but the land will still be in the name of the previous owner in the official records.
Currently, the state authorities are busy skill-mapping the migrants, and over 16 lakh have already been covered.
A sum of Rs 4,32,584 crore was written off by public sector banks between 2015-16 and 2018-19. But, only Rs 45,659 crore, or roughly 10 per cent, was recovered.
The bank asserted that its financial health is sound and the Capital to Risk Weighted Assets ratio, the main parameter, is well above the limit prescribed by the RBI.
Lack of financial resources and complexitities involved in the lending process pose a hurdle for start-ups
In a bid to boost consumption and revive the economy, Finance Minister Nirmala Sitharaman in September had asked banks to reach out to customers.
Liquor baron Vijay Mallya's retaliation came after an ED official dismissed the former's offer to settle all dues if his seized assets were freed up.
UK's secretary of state has accepted the request and now it has entered the legal system.