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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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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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LVB moratorium: Shareholders may not get anything, key managerial personnel may lose job

The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the…

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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 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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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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Supreme Court says banks are free to restructure loans, but can't penalise borrowers availing moratorium benefit

Senior counsel Rajiv Dutta, appearing for the petitioner Gajendra Sharma who has taken home loan fr…

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Lakshmi Vilas Bank customers have withdrawn ₹10 crore since RBI's moratorium was announced last night

Customers of Lakshmi Vilas Bank (LVB) have withdrawn ₹10 crore since the Reserve Bank of India (RBI…

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Bank stocks gain as Supreme Court defers verdict on loan moratorium case to October 5

At the time it gave the government another two weeks to file a detailed affidavit after Solicito…

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RBI may extend moratorium on repayment of loans for three more months: Report

With the government extending the nationwide lockdown up to May 31, the Reserve Bank of India (RBI)…

PTI   


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Three things the RBI will have to mull over as it gets ready to announce its monetary policy decision

The Reserve Bank of India (RBI) is set to announce its policy rate decision tomorrow, and this time…

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RBI clarifies restructuring only for loan accounts without any defaults as of March 1

This is because the restructuring framework is applicable only for eligible borrowers who were clas…

PTI   


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RBI imposes moratorium on Yes Bank

Earlier in the day, sources said SBI along with some other financial institutions would bail out ca…

PTI   


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Loan moratorium case: India’s power sector players want the Supreme Court to ‘plug’ the loopholes in RBI’s restructuring scheme

“The circular of the RBI dated October 6 has created inadvertent exclusions,” Singhvi told the c…

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If you have a bank loan that you are unable to pay, restructuring is on its way

This means that you’re struggling to pay off your personal loans, you can ask the bank to modify…

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Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months

The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…

Prabhjote Gill   


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Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000

The Centre issued the moratorium notification under Section 45 (2) of the Banking Regulation Act…

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One-time loan restructuring dilemma - RBI won’t commit, and India Inc won’t stop asking for it

RBI’s dilemma is choosing between what former governor Raghu Rajan once called “deceptive bankin…

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Banks could extend RBI's second moratorium 'selectively'

Sources said that banks are evaluating their loan portfolio with regard to customers who availed…

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No EMI payments for six months as RBI extends moratorium on loans repayments till August 31

“In view of the extension of the lockdown and continuing disruptions on account of COVID-19, the…