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India's Supreme Court waives compound interest on ALL loans put under moratorium due to COVID-19 pandemic

India’s apex court has ordered the waiver of interest on interest on all loans under moratorium, no…

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Supreme Court reserves verdict on extension of loan moratorium period

The Indian Supreme Court reserved its judgement on pleas regarding extension of the loan moratorium…

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Supreme Court wants the government to give 'clear plan' on moratorium loan interest waiver by November 2 — 'Diwali is in your hands now'

The Supreme Court has set the deadline of November 2 for the ongoing case on whether or not the int…

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Loan moratorium — Supreme Court gives government till Thursday to file affidavit, next hearing scheduled for October 5

The issue of accruing interest on loans that opted for the Reserve Bank of India’s (RBI) moratorium…

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RBI directs banks and NBFCs to comply with interest waiver scheme

The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of differenc…

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Supreme Court verdict on loan moratorium case deferred to November 5

"These moratorium matters were listed yesterday but they came up today.I am requesting for an adjou…

PTI   


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Supreme Court defers loan moratorium case hearing to October 13 — gives RBI and the government another week to file additional affidavits

The Supreme Court of India has granted the Reserve Bank of India (RBI) and the Central Government a…

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RBI and banks caught in the crosshairs as the Supreme Court adjourns loan moratorium hearing for a second time to November 18

The bench headed by Justice Ashok Bushan has adjourned the cases to November 18. It has, however…

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Interim relief from Supreme Court on loan moratorium — says banks must not declare accounts as NPAs for two months

The Supreme Court hasn’t directly extended the moratorium on repayment of loans but it has hit paus…

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Analysts expect no surprises from Axis Bank in the second quarter — loan growth and collections to be slow

Axis Bank, India’s third-largest private sector lender after HDFC Bank and Kotak Mahindra, isn’t ex…

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Relief rally in bank stocks continues as Supreme Court defers loan moratorium hearing to October 13

Bank stocks continue to rally after the Supreme Court gave the Central Government, the Reserve Bank…

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Loan moratorium still ends on Aug 31 while Supreme Court gives the government another week to clarify if accrued interest should be waived

The government has another week to decide whether interest that loans built up during the last six …

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Airtel opts for AGR dues moratorium, becomes the second telco to do so

Airtel is also expected to free up its cash-flow by up to ₹40,000 crore due to the moratorium.…

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Lakshmi Vilas Bank promoter believes the RBI should've called for bids from interested parties other than DBS Bank for merger

Advocating proper valuation of Lakshmi Vilas Bank (LVB), its promoter has said that Singapore-based…

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Ujjivan Small Finance Bank sees shrinking interest and fee incomes due to loan moratorium this year

"Although we shall continue to accrue interest income on the outstanding portfolio including those …

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Interest rate waivers for bank loans during moratorium will harm depositors: AIBDA

Meanwhile, on June 12, the Supreme Court had asked the Centre and the Reserve Bank of India (RBI) …

PTI   


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Lakshmi Vilas Bank customers have withdrawn ₹10 crore since RBI's moratorium was announced last night

Customers of Lakshmi Vilas Bank (LVB) have withdrawn ₹10 crore since the Reserve Bank of India (RBI…

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SC issues notice to Centre, RBI on plea against interest on loans during moratorium

The plea, filed by Agra resident Gajendra Sharma, has sought a direction to declare the portion of …

PTI   


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RBI ramps up economic support; cuts interest rates, extends loan moratorium

The RBI supplemented the interest rate cut by extending by three months the permission given to al…

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Airtel, Vodafone Idea shares spike after government announces deadline for AGR dues moratorium

Additionally, the telcos have been given 90 days to respond whether they wish to convert the…