To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS)

Sunil Goel has alleged that though he was a part of the executive committee, he was not allowed to attend the company's Annual General Meeting wherein resolution to raise Rs 250 crore loan was approved

The pandemic-led crisis has accelerated an overdue transition to digitalisation in business processes and enhanced efforts to address slow-burning issues such as liquidity management, cash, diversification, and capital

SBI is offering concession up to 30 bps on home loan interest rates based on the CIBIL score and the home loan amount

As per the SBI Ecowrap, the monthly income of farmers will go up by a sharp 35 per cent by just revisiting the current Kisan Credit Card (KCC) norms

At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK

The pleas pertained to charging of interest on interest by banks on EMIs which have not been paid by borrowers after availing the loan moratorium scheme of RBI during March 1 to August 31

A bench of Justices Ashok Bhushan, R S Reddy and M R Shah was informed by Solicitor General Tushar Mehta, appearing for the Centre, that this was one of the main reasons why waiver of interest was not even contemplated and only payment of instalments was deferred

The CEEW-CEF study also estimates a cumulative investment need of over $180 billion (Rs 12,50,000 crore) in vehicle production and charging infrastructure until 2030 to meet India's EV ambition

PM Modi said that farmers who wanted to follow the old system of trading referring to the mandis' where they can get the MSP are still free to do so. But the three laws gave them new options to sell for more

Rahul Gandhi took a dig at the Centre over the Reserve Bank of India's recent proposal to allow large corporate houses as promoters of banks. He mimicked Union Home Minister Amit Shah's phrase 'Chronology samajhiye' (Understand the Chronology) in the tweet

Pleas, filed before SC, seek an extension of loan moratorium as well as waiver of interest on term loan EMIs during six-month moratorium period

The three-judge SC bench led by Justice Ashok Bhushan, is expected to pass a formal order in the interest waiver case on November 5

A three-judge bench led by Justice Ashok Bhushan postponed the matter after a request was put forward by Solicitor General Tushar Mehta to defer the case to a later date

Supreme Court is scheduled to hear a batch of PILs related to charging of interest on interest by banks on EMIs which have not been paid by borrowers after availing RBI's loan moratorium scheme

Crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme

Last week, the government had directed banks to credit the difference between compound interest and simple interest collected on loans of up to Rs 2 crore by November 5

The scheme authorises ex-gratia payment to a specific class of borrowers by way of crediting the difference between simple and compound interest for the period between March 1, 2020, and August 31, 2020, by respective credit establishments

Extending the benefits of interest waiver to all borrowers also allays feeling of unfair treatment that borrowers could have otherwise harboured, CRISIL said

Pushed by the Supreme Court, this interest waiver may appear to be a good relief for the borrowers; however, going by the basic method of computation, the benefit for retail borrowers appears to be marginal