Editorial with Sujit Nair: What Do You Do If You Can’t Pay Your EMI???
The pandemic broke the back of India’s economy and more so of Indian Middle-class. Many lost their family members, some lost earning family members while...
Tag : Loan Moratorium
RBI Announces Loan Restructuring For Small Businesses, MSMEs
Individuals, small business and micro, small and medium enterprises (MSMEs) having exposure of up to ₹ 25 crores, who did not avail restructuring earlier and...
Supreme Court Says Loan Moratorium Cannot Be Extended
The six-month loan moratorium period offered by the Reserve Bank of India (RBI) last year cannot be extended, the Apex Court ruled today. The six-month...
Loan Moratorium: Good News! Centre Waives Interest on Interest On Loans Upto 2 Crores
Finally, after months of wait the good news has knocked on the doors. This festive season the Central govt has decided to give a Diwali...
“Common Man’s Diwali”: SC Asks Centre To Implement Interest Waiver By November 2
Justice MR Shah, who was part of the three-judge bench, said: “The Common Man’s Diwali is now in the government’s hands.” Refusing to allow the...
“Fiscal Policy Government’s Domain, Courts Shouldn’t Interfere”: Centre Tells SC
The government, in its latest affidavit, said: “Policy is the domain of the government and court should not go into sector-specific financial relief.” On Friday,...
Big Relief on Loan Moratorium! Centre Likely To Waive Interest On Loans Up To 2 Crores
In the affidavit filed in the SC, Finance Ministry said the Govt will bear the burden on banks due to the waiver of interest or...
Business Tit-Bits: The Recovery Call You Get, Mr Anil Ambani Does Not
As the moratorium period ends, many borrowers who availed the facility are receiving constant calls for recovery. Some times these calls are threatening in tone...
Editorial with Sujit Nair: Extortion For EMI
In previous episodes of Editorial, we have spoken about the difficulties that borrowers will face once the moratorium period ends on August 31. In this...
What Will Happen To Banks If Moratorium Is Extended? Banking Expert Vishwas Utagi Answers
The moratorium announced by the RBI on Loan repayment technically ended on August 31 but will it extend further or not there is a lot...