Jun 30, 2020 11:03 AM IST However, the amount is not absolute as only SBI has provided the moratorium data for periods before and after the COVID-19 outbreak
Jun 26, 2020 10:25 AM IST If you can, it is better to keep paying your EMIs and not take the moratorium
Jun 17, 2020 12:05 PM IST Bank depositors will be "severely hit" if a waiver on interest rates is allowed, as banks would inevitably seek to cover their potential or actual loss of interest income through further cutbacks in the deposit interest rates, it said.
Jun 05, 2020 03:00 PM IST In a letter to the Union Commerce and Industry and Railways Minister Piyush Goyal, UPASI president AL RM Nagappan said, "The NR sector has been in a crisis due to the fall in prices over the last eight years. The prices have been far below production cost, the reason being unrestricted surge in cheap imports into the country from South-East Asian regions."
Jun 05, 2020 12:46 PM IST ICRA estimates the gross non-performing asset (NPAs) could rise to 11.3-11.6 percent by March 2021 from an estimated level of 8.6 percent for March 2020
May 29, 2020 07:55 PM IST A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard, "a decision shall be taken by the concerned respondent authority within a period of four weeks".
May 22, 2020 02:34 PM IST Interest will continue to accumulate during the period, as it is a deferment and not a waiver
May 22, 2020 01:38 PM IST The move came in the wake of COVID-19 related relief measure. Banks all set to drop FD rates as RBI cuts interest rates. (Disclaimer: For each year range, the maximum offered interest rate is considered; interest rate is for a normal fixed deposit amount below Rs. 1 crore. Only main entity of the merged banks are taken. Banks which merged with its main entity are removed from the table.)
May 22, 2020 11:35 AM IST The RBI Governor announced a 40 basis points cut in the repo rate, extended the term loan moratorium by a further three months among other announcements.
May 18, 2020 01:03 PM IST On Sunday, the National Disaster Management Authority (NDMA), the nodal department, announced lockdown 4.0 till May 31 to check the spread of the novel coronavirus.
May 14, 2020 09:12 AM IST For the salaried, this is the best time to buy a house, as interest rates are the lowest in almost two decades
May 12, 2020 07:15 AM IST The Reserve Bank of India (RBI), in March, had allowed a three-month moratorium on payment of all term loans due between March 1, 2020 and May 31, 2020.
Apr 24, 2020 09:20 AM IST Some Indian companies have approached courts to stall rating agencies from downgrading their debts
Apr 14, 2020 04:49 PM IST Till now banks and NBFCs are offering the moratorium only to individual customers
Apr 09, 2020 11:19 AM IST A marginal increase in your EMI after the crisis can offset higher interest outgo arising out of moratorium
Apr 07, 2020 01:00 PM IST RBI says moratorium facility should be extended to all unless a borrower chooses to opt out of it
Apr 07, 2020 08:48 AM IST Moneycontrol clears some common misconceptions regarding the home loan moratorium
Apr 03, 2020 09:40 AM IST Use the flexibility only if you have no funds to pay your dues
Apr 01, 2020 01:19 PM IST State Bank of India, India’s largest lender, was quick to offer customers an automatic deferral of EMI payments after RBI’s moratorium. But does it add value for customers?
Mar 30, 2020 07:22 PM IST In today's edition of Big Story, Moneycontrol's Sakshi Batra, explains how availing the moratorium benefit could turn costly for credit card users and should you actually opt-out?
Mar 27, 2020 10:45 PM IST RBI Governor Shaktikanta Das, in a statement, permitted banks to allow a moratorium of three months on equated monthly instalment (EMI) payments
Mar 23, 2016 10:27 AM IST This being the first debt in your life please ensure that you pay it off on time. This keeps your CIBIL score in good shape.
Oct 26, 2015 12:34 PM IST Explain the reasons behind your home loan default to banks. Banks do not want to foreclose the loan and will offer your some solution.
Feb 26, 2013 11:12 AM IST Moratorium on new trains will be counter-productive, and railways should look at reduction of freight charges.
