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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 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…
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…
2 mins read
Compound Interest Waiver Scheme applies to everyone but provides limited relief — Here’s everything you need to know
The Compound Interest Waiver Scheme was released by Indian’s Ministry of Finance on October 23. It …
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
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
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…
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…
4 mins read
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…
3 mins read
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…
2 mins read
Supreme Court told that blanket waiver of moratorium loans would take ₹6 lakh crore and wipe out the net worth of banks
The Centre on Tuesday informed the Supreme Court that it would have to forego more than Rs 6 lakh c…
2 mins read
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
2 mins read
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
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
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
3 mins read
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.…
3 mins read
Airtel, Vodafone Idea and Reliance Jio have till October 29 to opt for the AGR dues moratorium
Additionally, the telcos have been given 90 days to respond whether they wish to convert the a…
4 mins read
EMI moratorium: Borrowers unlikely to get significant gains; banks to charge interest later
To give you a perspective, it said, "suppose your loan outstanding is Rs 1,00,000 and you are char…
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
4 mins read
Indian government dials M for moratorium – Airtel, Vodafone Idea get a four-year relief on AGR dues
The much-awaited telecom relief package has been announced by the Indian government on Wednesday,…