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3 mins read
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…
3 mins read
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…
2 mins read
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…
2 mins read
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…
2 mins read
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
1 min read
SoFi drops 10% as Biden's extended student loan payment moratorium forces the company to lower earnings guidance
SoFi expects that a number of factors including the impending fall midterm elections will precipita…
Matthew Fox
1 min read
RBI's extension of moratorium on repayment of loans will help aviation companies: Puri
"These announcements will also benefit aviation sector companies, including airports, airlines, fre…
PTI
2 mins read
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
2 mins read
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…
2 mins read
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…
3 mins read
Congress isn't satisfied with Biden's extension of the student-loan payment pause — Democrats want more, and the GOP wants less
The GOP said the extra relief would cost taxpayers and hurt the economy. Democrats don't see why Bi…
Ayelet Sheffey
3 mins read
Loan repayments will become due starting today — here are the options that borrowers have
The Reserve Bank of India’s (RBI) six-month moratorium came to an end on August 31, and payments ar…
3 mins read
Mitch McConnell slams Biden's student-loan payment pause extension: 'We ought to remind people that we all pay our debts'
"This administration just can't seem to get their act together on the economy," McConnell told Fox …
Ayelet Sheffey
4 mins read
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…
1 min read
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…
2 mins read
Stimulus and government funding talks will likely require an additional week for an agreement: report
Two sizable barriers between Democrats and the GOP in a relief package are liability protections an…
John L. Dorman
2 mins read
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…
4 mins read
The US's $600 unemployment boost expires today. Here's a list of 4 other programs set to end soon.
There are a number of further program expirations looming, including the end of support to airlines…
Carmen Reinicke
2 mins read
RBI may extend moratorium on loans by another 3 months
"All commercial banks (including regional rural banks, small finance banks and local area banks), c…
PTI
3 mins read
RBI is using lessons from 2008 financial crisis to handle the Covid-19 lockdown effect on the economy
The global financial crisis of 2008 was the biggest economic crash of the 21st century — that is …