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7 mins read

FAQs about RBI’s three-month deferment on EMIs answered by the Indian Banks Association

A statement by the Indian Banks Association, answers all the frequently asked questions that yo…

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2 mins read

SBI statement on proposed Yes Bank bailout is far from reassuring

Before the Reserve Bank of India put in a limit of ₹50,o00 on withdrawals by depositors in Yes Ban…

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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   


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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…

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3 mins read

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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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…

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2 mins read

No EMI payments for home, car, and corporate and other loans for 3 months says RBI

The 3-month moratorium implies that the collective interest of those 3-months — the equated mo…

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4 mins read

Yes Bank is damaged beyond repair, says Nomura while RBI tells depositors to keep calm

The private bank on the brink of collapse has been saved by the government, and the regulator Reser…

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2 mins read

YES Bank moratorium could be lifted within a week, says RBI-appointed administrator

Prashant Kumar, who has been appointed as the administrator for YES Bank by the RBI, told CNBC-T…

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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…

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2 mins read

In relief to borrowers and banks, RBI exempts accounts with moratorium benefits from asset recognition norms for 90 days

It can be noted that generally bank set aside a much lower amount as standard asset provisioning wh…

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2 mins read

Loan moratorium: Most pvt banks go for "opt-in" option

Accordingly, joint liability group or self-help group lending, jewel lending, unsecured business l…

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1 min read

About 90 pc of Bank of Baroda borrowers opt for moratorium on term loan repayment

"There is no doubt that this (retail) portfolio is going to be vulnerable because the kind of inst…

PTI   


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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…

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3 mins read

The road to being classified a bad loan just got longer with RBI’s relaxation

While these businesses need more lending, those who generally lend to them - non-banking finan…