The benefit may be extended to all types of loans, comprising home mortgages, and to debtors/borrowers who paid their EMIs during the moratorium period

Representatives of various industry bodies suggested that banks should not charge interest on interest and instead only recover the cost of finance from borrowers who availed moratorium on loans

Under restructuring, moratorium should be the last resort as it adds to your interest burden; increasing tenure or reducing EMI could be better options

A bench headed by Justice Ashok Bhushan, which commenced final hearing on a batch of petitions on waiver of interest on deferred loans, was told that paying interest on interest is a \"double whammy\" for borrowers and banks cannot charge it

Senior counsel Rajiv Dutta, appearing for the petitioner Gajendra Sharma who has taken home loan from a bank, assailed the accrual of interests on EMIs even during the moratorium period

The strike by drivers of cab aggregators may cause hardships to large number of commuters as Metro train services are yet to resume and buses are running at reduced capacity amid the COVID-19 pandemic

SC says Centre has all powers under Disaster Management Act to decide on issue of waiver of interest and that it should make its position clear

Deferring the case to June 17, the apex court says it is trying to do a \"balancing act\"; says it's only concern in these proceedings is only whether interest that has been deferred for three months will be added to charges payable later

The real estate sector has already been stressed by a lack of liquidity for both developers and buyers due to several factors including NBFC crisis

The RBI filed the affidavit, responding to a court notice on a public interest litigation (PIL) seeking direction from the SC to waive the interest on loans during the moratorium period in the wake of COVID-19 crisis

The announcement comes after the Reserve Bank of India extended moratorium on equated monthly instalments (EMIs) of loans by three months till August 31, 2020

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Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially

The top court has sent a notice to the Centre and RBI on a plea challenging the provision under the apex bank's EMI moratorium directive which allowed interest liabilities to accrue

The repo rate cut is good news for home loan, car loan or other borrowers who would soon see their EMI burden ease off

The loan moratorium has now been extended till August 31 for 6 months

Speaking at a webinar organised by SME Chamber of India, MSME Secretary AK Sharma said that government was willing to help those who come forward and start manufacturing of these items

An extended moratorium will imply that companies need not repay loans until August 31, 2020. That, however, will result to a build-up in interest that companies may not be able to service in September

There are three repayment options for a borrower who is opting for a moratorium based on the accrued interest and principal amount or the deferred EMIs

Among private sector lenders, HDFC Bank and Axis Bank said they have been examining RBI measure and will inform customers soon