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Loan Moratorium
Business  /  Published 20.11.20

Power firms seek loan recast

The Supreme Court on Thursday asked the finance ministry and the RBI to respond to the plea of the power producers to restructure Rs 1.2 lakh crore of their loans in the wake of the pandemic even as t...
By Our Legal Correspondent in New Delhi

Business  /  Published 18.11.20

LVB to merge with DBS Bank

DBIL is a wholly owned subsidiary of DBS Bank Ltd, Singapore, which in turn is a subsidiary of Asia’s leading financial services group, DBS Group Holdings and has the advantage of a strong paren...
By Our Special Correspondent in Mumbai

Business  /  Published 02.11.20

Piffling benefit

To deal with the interest on interest, you must have a bounce-back plan. To simplify the math using the above example of Rs 50 lakh, if you pre-paid 120 per cent of your deferred EMIs within 12 month...
By Adhil Shetty in

Business  /  Published 28.10.20

RBI: interest waiver terms

The Reserve Bank of India (RBI) on Tuesday asked all lending institutions, including non-banking financial companies, that by November 5 they must implement the scheme of waiver of interest on interes...
By Our Special Correspondent in Mumbai

Business  /  Published 25.10.20

Interest waiver before Diwali

The government also said that an “ex-gratia” amount would be given to borrowers with loans up to Rs 2 crore who had not availed the moratorium during the six month period. “Borrower...
By Our Special Correspondent in New Delhi

Business  /  Published 15.10.20

SC ultimatum to govt on interest waiver

The Supreme Court on Wednesday directed a reluctant Centre to issue by November 2 the circular on compound interest waivers relating to the moratorium on loans offered by banks till August 31. The be...
By Our Legal Correspondent in New Delhi

Business  /  Published 05.10.20

Loan recast riddle: evaluate your case

If you do avail the scheme, you’ll be incurring higher interest. The only way to cut down the interest is by pre-paying regularly on your dues. Pre-payments, which directly cut your loan balance...
By Adhil Shetty in

Business  /  Published 29.09.20

Decision on interest waiver soon

The RBI has decided to extend by six months the enhanced borrowing facility provided to banks to meet liquidity shortage till March 31, 2021.   The RBI had increased the borrowing limit forbanks...
By Our Legal Correspondent in New Delhi

Business  /  Published 28.09.20

Moratorium: SC gives govt a week

  The Supreme Court has given the government one more week to formulate a plan on loan moratorium. The apex court, which had asked the centre to submit its plan on September 28, deferred the he...
By Our Bureau, Agencies in New Delhi

Business  /  Published 22.09.20

Government must pick tab for waivers

The Rajiv Mehershi panel on loan recast has proposed the government should bear the burden of any relief while the waiver of the contentious interest on interest be given only to a few borrowers, sour...
By Our Special Correspondent in New Delhi


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