No compound, penal interest be charged from borrowers during loan moratorium period: SC
NE LEGAL BUREAU NEW DELHI, MAR 23 The Supreme Court on Tuesday directed that no compound or penal interest shall ...
Tag: moratorium
Lakshmi Vilas Bank administrator allays fears of depositors; merger with DBS before deadline
NE BUSINESS BUREAU CHENNAI, NOV 18 Lakshmi Vilas Bank has enough liquidity to pay back its 20-lakh depositors and will ...
RBI asks lenders to implement waiver of interest on interest scheme by Nov 5
NE BUSINESS BUREAU MUMBAI, OCT 27 The Reserve Bank of India (RBI) on Tuesday asked all lending institutions, including non-banking ...
Centre in SC agrees to waive compound interest on loans up to Rs 2 cr for six-months
NE LEGAL BUREAU NEW DELHI, OCT 3 In a relief to individual borrowers and medium and small industries, the Centre ...
Finance Minister asks banks, NBFCs to roll out loan restructuring scheme by Sept 15
NE BUSINESS BUREAU NEW DELHI, SEPT 3 Finance Minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out ...
SC asks Centre to clarify stand on interest waiver during moratorium
NE LEGAL BUREAU NEW DELHI, AUG 26 The Supreme Court on Wednesday took note of the Centre’s alleged inaction and ...
COVID-19 relief: No need to pay EMI for three months on loans; RBI announces cut in repo rate by 75 basis points
NE BUSINESS BUREAU MUMBAI, MARCH 27 Reserve Bank of India (RBI) Governor Shaktikanta Das has announced a massive 75 basis ...
