Loan Moratorium

Why hitting pause on your loan might cost you more

Loan moratoriums offer temporary EMI relief but can lead to long-term costs due to accrued interest and potential compounding, making it a costly option for borrowers in financial stress.

Byju’s insolvency: What happens to the company now, how ex-employees can recover dues—and more

Tricky questions could surface over the next few months with embattled edtech company Byju’s, once India’s hottest startup with a $22-billion valuation, entering the insolvency process.

Supreme Court rejects plea seeking loan moratorium, interest waiver from Centre

The apex court struck down the plea stating the reliefs sought by the petitioners are in the realm of policymaking and "we are not experts on matters of finance".

Revised ECLGS will help hotels, aviation sector, tour operators: CRISIL

More sectors have been brought under the scheme's ambit, some eligibility criteria have been relaxed, and micro, small and medium enterprises (MSMEs) have been allowed to avail of loans for longer tenures, it said.

Explained | Did RBI governor announce a new loan moratorium and other questions answered

The RBI has not announced a blanket moratorium like it did in 2020 but has allowed borrowers time to repay and restructure loans. Read on

Chhattisgarh CM Bhupesh Baghel seeks Central relief for curb-hit SME sector

The CM has also requested that the deadline for the payment of principal and interest instalments against the business loan be extended by at least three months, official said.

Why should banks foot the bill for compound interest waiver?

While borrowers and businesses may be entitled to relief from the pandemic, it should not be at the cost of the banking system

Loan moratorium: SC to pronounce verdict on March 23 on pleas for relief from trade bodies

On November 27 last year, the top court had asked the Centre to ensure that all steps be taken to implement its decision to forego interest on eight specified categories of loans paid up to Rs 2 crore in view of the coronavirus pandemic.

Banks’ financials may face pressure from higher NPAs and muted income growth, says RBI report

With the loan moratorium coming to an end, the deadline for restructuring proposals is fast approaching and with the possible lifting of the asset quality standstill, banks’ financials are likely to be impacted in terms of asset quality and future income.

GNPA ratio of banks declined to 7.5% in September, says RBI Trend and Progress report

During 2019-20 and first half of 2020-21, scheduled commercial banks (SCBs) consolidated the gains achieved after the turnaround in 2018-19, the RBI report said.

SC on Loan Moratorium LIVE Updates | Supreme Court defers hearing to December 15

A bench comprising of Justices Ashok Bhushan, R Subhash Reddy and MR Shah had deferred the matter of interest waiver during the last hearing on December 9

SC hearing on Loan Moratorium | Blanket interest waiver on all loans to be Rs 6 lakh crore: Centre to SC

The Supreme Court is hearing a batch of pleas of various bodies including from real estate and power seeking sector wise relief in view of the COVID-19 pandemic.

SC on Loan Moratorium Highlights | Supreme Court tells Centre, RBI to respond to suggestions; case to be listed next week

SC hearing on Loan Moratorium LIVE Updates: The three judge bench comprising of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah is hearing the loan moratorium and interest waiver case

SC on Loan Moratorium | Supreme Court to resume hearing interest waiver petitions on November 19

SC on Loan Moratorium: The three judge bench comprising of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah adjourned the case to today

SC on Loan Moratorium LIVE Updates | Supreme Court adjourns case to November 5

SC on Loan Moratorium LIVE updates: A bench headed led by Justice Ashok Bhushan will resume hearing please seeking complete waiver of interest during the moratorium period on November 5.

RBI notifies compound interest waiver scheme on moratorium loans

The Ministry of Finance had released the guidelines of the interest on interest waiver scheme on October 24.

What the interest cashback scheme means for investors

An end to the interest waiver case will remove uncertainty over bank earnings

3-Point Analysis | Govt releases guidelines for waiver of compound interest on moratorium loans

Who is eligible to avail the compound interest waiver scheme?

Interest waiver on loans: What is compound interest waiver scheme, who is eligible for benefits and other details

The government has released guidelines to implement the interest on interest waiver scheme. Here are all the details on what exactly the compound interest waiver scheme involves, who will benefit, eligibility criteria to avail the interest waiver scheme and other important details.

Big Story | Supreme Court asks Centre to implement interest waiver on loan

A three-judge bench asked Solicitor General Tushar Mehta what the Centre has done for the implementation of its notification for giving relief to borrowers.

Loan moratorium: SC allows Centre to waive interest on interest, asks for action plan; here's what RBI said in court

The had announced a moratorium on repayment of term deposits for 3 months citing COVID-19 pandemic in March. Later it was extended till August 31 to give borrowers more time to clear payments of EMIs, without being classified as NPAs.

SC on Loan Moratorium Highlights | Case hearing adjourned to October 14

SC on Loan Moratorium LIVE: The three judge bench comprising of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah assembled at 12 noon and announced that the matter will be taken up at the end of board (i.e. after all other cases in the list have been heard)