You Searched For "loan moratorium interest waiver" and got 20 results
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2 mins read
Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
The draft text for Biden's new student-debt cancellation plan is out, and anyone in the public can …
Ayelet Sheffey
3 mins read
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…
2 mins read
74,000 student-loan borrowers are getting $5 billion debt wiped out in Biden's latest batch of repayment reforms
Biden announced his administration has approved another round of student-debt relief for public ser…
Ayelet Sheffey
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
3 mins read
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…
3 mins read
Student-loan borrowers with higher debt loads are more likely to get forgiveness through income-driven plans but they'll have to pay 'exorbitant interest,' report finds
Only 32 student-loan borrowers have ever had their loans forgiven through income-driven repayment p…
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…
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…
2 mins read
Biden should pause interest on student-loans even after payments resume in February, 14 senators say
Growing student-loan interest is a "daunting challenge" for borrowers and should be waived while CO…
Ayelet Sheffey
4 mins read
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 …
PTI
4 mins read
Waiver of interest charged during moratorium: SC asks Centre, RBI to hold meet in three days
"It is submitted that regulatory dispensations permitted by the Reserve Bank of India vide the afo…
PTI
3 mins read
India's banking stocks are on fire after top court allows them to call out bad loans
Indian banks are rallying on the stock market after the Supreme Court’s judgement on the loan morat…
2 mins read
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
2 mins read
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…
PTI
2 mins read
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…
2 mins read
Tourism bodies demand extension of RBI moratorium, interest waiver to tide over COVID-19 crisis
"Secretary-Tourism updated us that across all the key ministries of the government, it has been wi…
PTI
1 min read
BJP MP demands waiver of home loan interest during COVID-19 lockdown
For no fault of the buyers, they need not pay both rentand Equated Monthly Installment (EMI)," the …
PTI
3 mins read
It doesn't look like broad student-loan forgiveness will happen under Biden's new debt relief plan
While the Education Department said some student-loan borrowers could see all their debt wiped out …
Ayelet Sheffey
1 min read
HDFC Bank is mum on the loans under moratorium— profit jumps 20%, provision for bad loans spike 49%
A 20% jump in HDFC Bank’s quarterly profit compared to a year earlier is good news but the lack o…
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…