Diabytes
Loan moratorium News
)
RBI on loan moratorium.
RBI keeps key rates paused.
5th pause in interest rates.
)
The government said this was the main reason why a waiver of interest was not even contemplated and only payment of instalments was deferred.
The Centre has promulgated an emergency credit-linked guarantee scheme (ECLGS) of Rs 3 lakh crore providing additional credit at the lower rate of interest, with 100 per cent government guarantee and no fresh collateral, it had said.
The scheme has been extended with higher financial limits to 27 COVID-19 impacted sectors including restaurant and hotel sectors, it had said.
)
Union Finance Ministry notifies the relief for borrowers as per affidavit filed in SC.
Under the scheme government will pay the difference between compound interest and simple interest for the 6 months of moratorium period.
The process of crediting to be completed by November 5, 2020.
)
Union Finance Ministry notifies the relief for borrowers as per affidavit filed in SC.
Under the scheme government will pay the difference between compound interest and simple interest for the 6 months of moratorium period.
The process of crediting to be completed by November 5, 2020.
)
RBI filed the fresh affidavit in loan moratorium case in SC on Friday after the top court rejected its earlier response claiming that it lacked ''necessary details''.
)
The RBI had come out with the notification in March after the lockdown was imposed to curb the COVID-19 spread
The central bank had given the facility of deferred payment of installments to borrowers and now, the scheme is ending on August 31
The SC bench was told that the adverse impact of the pandemic over the financial situation was still there, hence, the moratorium scheme needed to be extended till year-end
)
Problems in the economy created by Centre's lockdown: SC
Clear stand on charging additional interest on loan moratorium: SC tells Centre
The RBI had earlier announced an optional 6-month moratorium for customers towards fixed-term loans and EMI payments.
The moratorium period ends on August 31
)
Loans on all tenures have now been extended from June 1 till August 31.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
