Moratorium: Latest News and Updates, Top Stories, Videos, Photos About Moratorium

IBC Amendment Exempting Aircraft Objects from Moratorium Applicable Retrospectively

The amendment in the insolvency law that exempts aircraft objects from the ambit of moratorium will be applicable retrospectively, according to the Directorate General of Civil Aviation DGCA....

Banks’ Financials Likely To Face Pressure On Higher NPAs, Muted Income: RBI Report

On December 29, the apex banker of the country said that banks' financials will likely come under pressure as slowly and gradually Covid 19 related relaxations are being lifted and pressure on the asset quality side is imminent. In its ...

Gold Loans Borrowers Also Eligible To Receive Moratorium Interest Cashback, Govt Clarifies

In its latest round of additional FAQs on the "interest on interest" to be returned to borrowers by banks and other lending institutions, the finance ministry has clarified that "consumptions loans, including those backed by gold as collateral, are eligible under the ...

SC Defers Hearing On Interest On Interest Waiver Case To Nov 18

On the multiple pleas concerning interest on interest being charged by lenders on EMIs that were not paid by borrowers who availed RBI's moratorium scheme allowed due to the Covid 19 pandemic, the Supreme Court today adjourned the hearing to ...

Moratorium Interest Waiver: Agriculture, Tractor Loans Not Included In Relief Scheme

On Thursday, the Finance Ministry clarified that the interest-on-interest waiver on loans announced by the government last week, for the 6-month moratorium period, does not include agriculture and allied activity loans. Issuing additional FAQs (Frequently Asked Questions) on the 'scheme ...

Moratorium Loan Interest Cashback Explained In 12 Points

This week, the Finance Ministry notified "scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)." In simple words, these are guidelines released by the ...

RBI Directs Banks On Payment Of Interest On Interest During Moratorium

On Tuesday, the Reserve Bank of India (RBI) issued a direction to banks and other lending institutions to take necessary actions within stipulated timelines on ex-gratia payment of the difference between compound interest and simple interest for the moratorium period, as ...

Finance Ministry Issues Guidelines On Moratorium Period Interest Waiver

This week, the Finance Ministry approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for the 6-month moratorium period, on loans up to Rs 2 crore. These guidelines come in the ...

SC: Interest On Interest Waiver Case Adjourned To Nov 2; Implementation Expected By Then

The SC hearing on the interest on interest waiver case for deferred EMIs under loan moratorium begins with the Counsel for bank Harish Salve asking for more time. Nonetheless the apex court after hearing the different arguments observes that borrowers' interest ...

Loan Restructuring Will Affect Your Credit Score

To address the economic fallout triggered by COVID-19, the Reserve Bank of India (RBI) came up with a framework for banks and financial institutions to provide resolution plans to their customers facing financial stress. Accordingly, banks and NBFCs (non-banking financial institutions) ...

SC: Interest On Interest Waiver Matter Deferred For October 14, 2020

The SC which was to hear interest on interest waiver case along with other related petitions has been deferred to October 14, 2020. Earlier the matter was postponed to be discussed at 2 pm from the earlier scheduled time of 12 ...

SC Defers Hearing On "Interest On Interest" During Moratorium To 13 Oct

On Monday, at the hearing on the case of extension of loan moratorium in light of COVID-19 and waiver of interest on interest during the period, the Supreme Court has asked all the affidavits to be submitted by 12 October. The ...

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