Loan Moratorium

Banks in violence-hit Manipur have been told to extend the moratorium on loans up to 12 months, officials said today.

The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic.

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...

Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term crop loans by farmers to December 31, 2021.

The top court declined to pass an order on fresh loan moratorium and said the issues raised in the PIL are in the realm of policy decisions.

Buoyed by the change in Centre's vaccine policy, Tamil Nadu Chief Minister MK Stalin has written to his counterparts in 12 states, seeking their support in demanding moratorium on loans by Small and Medium Enterprises.

Resurgence of COVID and associated containment measures have created new uncertainties and impacted nascent economic revival that was taking shape.

It can be noted that the RBI had announced a six-month moratorium in the early days of the national lockdown last year to help borrowers impacted by a chilling in economic activity.

Gauge of 12 banking shares on the National Stock Exchange Nifty Bank index advanced over 1 per cent.

The loan relief was meant for personal, housing, education, auto and consumer durables loans, loans to micro, small and medium enterprises (MSME), besides loans to micro, small and medium enterprises (MSME)

Budget 2021: Reserve Bank of India's monetary policy, including moratorium, restructuring of loans etc, has helped to ease financial constraints to some extent, but not the demand

Earlier, Supreme Court had directed that bank accounts of persons as on August 31 should not be declared as non-performing assets until the disposal of pleas seeking extension of loan relief

RBI had earlier instructed lenders to credit difference in compound interest and simple interest on repayments of eligible loans by November 5

The association claims that the heavy loans were known to the RBI as it had its nominee as Director on the Board of the bank.

Banks in violence-hit Manipur have been told to extend the moratorium on loans up to 12 months, officials said today.

The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic.

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...

Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term crop loans by farmers to December 31, 2021.

The top court declined to pass an order on fresh loan moratorium and said the issues raised in the PIL are in the realm of policy decisions.

Buoyed by the change in Centre's vaccine policy, Tamil Nadu Chief Minister MK Stalin has written to his counterparts in 12 states, seeking their support in demanding moratorium on loans by Small and Medium Enterprises.

Resurgence of COVID and associated containment measures have created new uncertainties and impacted nascent economic revival that was taking shape.

It can be noted that the RBI had announced a six-month moratorium in the early days of the national lockdown last year to help borrowers impacted by a chilling in economic activity.

Gauge of 12 banking shares on the National Stock Exchange Nifty Bank index advanced over 1 per cent.

The loan relief was meant for personal, housing, education, auto and consumer durables loans, loans to micro, small and medium enterprises (MSME), besides loans to micro, small and medium enterprises (MSME)

Budget 2021: Reserve Bank of India's monetary policy, including moratorium, restructuring of loans etc, has helped to ease financial constraints to some extent, but not the demand

Earlier, Supreme Court had directed that bank accounts of persons as on August 31 should not be declared as non-performing assets until the disposal of pleas seeking extension of loan relief

RBI had earlier instructed lenders to credit difference in compound interest and simple interest on repayments of eligible loans by November 5

The association claims that the heavy loans were known to the RBI as it had its nominee as Director on the Board of the bank.