Loan Moratorium Case

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.

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

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 RBI had earlier instructed banks and other financial institutions to credit the difference in compound interest and simple interest on repayments of eligible loans up to Rs 2 crore due between March and August, by November 5.

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3.

Supreme Court on Loan Moratorium: The top court agreed to defer the hearing after the centre informed it that the Solicitor General was presenting arguments in the Central Vista case before another bench of the top court.

The Central Government has filed its detailed affidavit before the Supreme Court in connection with the loan moratorium case where it has stated that the interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.

The outcome of the case could have far-reaching consequences not only for millions of borrowers, but also for banks.

The Supreme Court had earlier asked the government to consider the concerns of real estate companies and power producers in a fresh plan on interest waiver.

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...

The committee will be headed by Rajiv Mehrishi, former Comptroller and Auditor General of India.

The Supreme Court today gave the government two more weeks "to come up with something concrete" to help borrowers ease their EMI burden using an optional moratorium on repayment of loans allowed during the coronavirus crisis. "What is going to happen in two weeks?... We are giving time to the centre, but take a concrete decision," the judges said a...

Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...

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.

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

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 RBI had earlier instructed banks and other financial institutions to credit the difference in compound interest and simple interest on repayments of eligible loans up to Rs 2 crore due between March and August, by November 5.

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3.

Supreme Court on Loan Moratorium: The top court agreed to defer the hearing after the centre informed it that the Solicitor General was presenting arguments in the Central Vista case before another bench of the top court.

The Central Government has filed its detailed affidavit before the Supreme Court in connection with the loan moratorium case where it has stated that the interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.

The outcome of the case could have far-reaching consequences not only for millions of borrowers, but also for banks.

The Supreme Court had earlier asked the government to consider the concerns of real estate companies and power producers in a fresh plan on interest waiver.

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...

The committee will be headed by Rajiv Mehrishi, former Comptroller and Auditor General of India.

The Supreme Court today gave the government two more weeks "to come up with something concrete" to help borrowers ease their EMI burden using an optional moratorium on repayment of loans allowed during the coronavirus crisis. "What is going to happen in two weeks?... We are giving time to the centre, but take a concrete decision," the judges said a...

Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...