March 2020

It will also help borrowers have cash flow, avoid the label of default, and give them much-needed buffering time to understand their income status.As India grapples with the coronavirus outbreak, the government has imposed a 21-day lockdown…

At first glance, the three-month moratorium on term loan repayment by borrowers means they would not have to pay EMI loan maturities during the moratorium period. According to the statement of the Reserve Bank of India (RBI), the use of…

The RBI said the easing of EMI payments will apply to term loan maturities starting March 1.Strong pointsBanks will allow EMI payments to be delayed against loans for three monthsHome loan, car loan, personal loan, credit card…

Image source: ANI Unsecured loans for women's self-help groups doubled to 20 lakh: Sitharaman…

Mumbai: Business owners in real estate, hospitality and tourism sectors contacted banks citing 'Act of God' clause in their loan agreements to delay payments and seek to restructure past loans . Force majeure, or force majeure in legal…

New Delhi: Lenders are poised to demand a host of loan repayment easing in a bid to weather the COVID-19 crisis. These include 90-day relief to classify accounts as non-performing assets (NPAs) and defer disbursement of term loans. The…

Lenders are expected to demand a host of flexibilities on loan repayments in a bid to weather the COVID-19 crisis. These include a 90-day relief to classify accounts as non-performing assets (NPLs) and to defer payment of term…