Tag: moratorium
J&K Bank To Implement RBI Guidelines On Term Loan Moratorium
The Jammu and Kashmir Bank, which has the largest number of branches in J&K and Ladakh union territories, has decided to fully implement the RBI guidelines seeking a three-month long moratorium on term loans.....
RBI Allows 3 Month Moratorium On All Term Loan EMIs
In a big relief to the corporate sector, the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalment in respect of all term loans outstanding on March 1, 2020.....
SC Restrains Banks From Charging Interest-on-interest On Borrower During Moratorium
The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers. ....
Banks May Not Extend Second Moratorium To All Customers
Banks may not extend second moratorium to all their customers amid gradual resumption in business activity and rising asset quality risk emerging from longer duration loan forbearance. ....
SC Gives 3 Days To Finance Minister, RBI To Decide On Moratorium Period Interest
The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks. ....
