In its financial policy review on Thursday, the Reserve Bank of India provided the agreement to an RBI Loan Restructuring Scheme for stressed borrowers. A special window granting one-time loan restructuring to companies and individuals, it will give relief particularly to those affected by the Covid-19 pandemic. However, Under the COVID Loan Restructuring Scheme, consumers may get more delay … Read more
Recently, Reserve Bank of India clarifies in the Delhi High Court that Google pay is a third-party app provider. They are not operating any payment system. RBI said that Google pay is not in the list of authorized payment system operators in the list published by the National Payment Corporation of India (NPCI). Many people … Read more
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
For the ease of the borrowers, Punjab National Bank EMI for loan is going cheaper and facilitating all the Indians. Punjab National Bank, which is India’s second-most popular publicly-owned lender has declared a diminution in their lending rates. The bank has always been favorable to its users in every means. Now they are making it … 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
Due to the outbreak of COVID-19, the Reserve Bank of India (RBI) has given relaxations to PSB banks with regard to the Bank branch audit for FY 2019-20. Today the world is suffering the pangs of Novel Coronavirus aka COVID-19, which has caused widespread economic disruption. In India, the government has placed a lockdown till … Read more