In order to give the much-needed relief to the public, the Reserve Bank of India (RBI) had recently announced that the loan moratorium is extended by further 3 months, i.e. till August 2020. This is to help them while the financial disturbance due to the COVID-19 crisis. Here, the loan moratorium means the relief to … Read more
The nationalized banks have recently sought RBI’s Permission to restructure ₹3 Lakh Crore Loans that were announced by the government under the Atmanirbhar Bharat Package. Let us first study the ₹3 Lakh Crore Loans assured by the government. Case of Collateral-free ₹3 Lakh Crore Loans Scheme As the COVID-19 Crisis has affected many industries … Read more
In order to provide much-needed relief to the borrowers, the Reserve Bank of India (RBI) has announced- moratorium extended by RBI on loan repayment by an additional 3 months, i.e. till August 2020. This is to assist them during the financial disturbance caused due to the COVID-19 lockdown. The moratorium means relaxation to repay the … Read more