Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank

Chaudhry said that the bank has received restructuring requests from both corporate and retail borrowers, and is presently formulating a framework under which such cases will be resolved.

published on : 29th September 2020

Interest on interest can’t be waived, Finance Ministry expected to tell Supreme Court

Similar feedback was given by the Rajiv Mehrishi panel, whose report is yet to be made public, the official added. 

published on : 29th September 2020

Decision in two-three days over interest on deferred instalments by banks, Centre tells SC

Solicitor General Tushar Mehta submitted before the top court that he will endeavour to circulate affidavit by Thursday and the matter can be heard on Monday.

published on : 28th September 2020

Tightrope walk for Govt over loan moratorium

It appears that the Union Ministry of Finance ran into a brick wall. Just like its smooth arrival, the six-month loan moratorium was to exit making no more noise than a shadow.

published on : 12th September 2020

Loan moratorium: After SC’s whip, Centre sets up panel to assess waiving interest

The apex court extended its previous order on loan moratorium, saying accounts that have not been declared NPAs as on August 31 cannot be declared as such until further notice.

published on : 11th September 2020

SC extends relief on NPAs after government tells interest issue being considered at highest level

RBI has however come out with a scheme which provides for extension of moratorium for two years to certain stressed borrowers, the Centre had informed the top court.

published on : 10th September 2020

Finance Minister Nirmala Sitharaman asks banks to bring loan restructuring scheme by September 15

The minister urged lenders to immediately put in place a board-approved policy for resolution at the review meeting with heads of scheduled commercial banks and NBFCs through video conferencing.

published on : 3rd September 2020

Most companies that availed loan moratoriums were facing challenges before COVID-19: Crisil

Interest on the loans will keep getting accrued, but a borrower will not be tagged as a defaulter for non-payment.

published on : 31st August 2020

Loan moratorium ends today, but you can opt for restructuring

Come August 31 and the six-month blanket moratorium period to provide relief to borrowers in view of Covid-19 pandemic will be over.

published on : 31st August 2020

RBI should extend loan moratorium period for 6 more months: DMK

The Reserve Bank of India (RBI) should extend the loan moratorium period for six more months, the DMK said on Sunday.

published on : 31st August 2020

RBI may not extend moratorium on repayment of loans beyond August 31

Sources said that it was only a temporary reprieve to borrowers adding that a longer moratorium period exceeding six months can impact their credit behaviour.

published on : 29th August 2020

SC pulls up Centre for 'hiding behind RBI' on interest waiver during moratorium

The court's observation came after Solicitor General Tushar Mehta referred to the RBI's affidavit in the matter, and said the banking institutions are also distressed.

published on : 26th August 2020

Clear the mess you created, Supreme Court tells Centre

The court’s observation came after Solicitor General Tushar Mehta referred to the RBI’s affidavit, and said the banking institutions are also distressed.

published on : 26th August 2020

Ministry of Commerce issues new rules for bids from neighbouring nations

This was decided with the aim of restricting participation from Chinese companies in sensitive public projects. 

published on : 26th August 2020
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