Loan Moratorium

The waiver will extend benefit to all types of loans, including home mortgages, and to borrowers who paid their EMIs during the duration of the moratorium

The pleas came up for hearing before a bench, comprising Justices Ashok Bhushan, R S Reddy and M R Shah, which said it would hear the matter on Wednesday

With the moratorium period getting over, lenders can once again rely on credit scores to evaluate borrowers and can, therefore, relax other criteria

Lenders are divided on the repayment delinquency after the moratorium

In its affidavit, the RBI has said that any waiver of interest on interest would entail 'significant economic costs', which cannot be absorbed by the banks without serious dent of their finances

The Kamath panel had made recommendations for 26 sectors that could be factored by lending institutions while finalising loan resolution plans and had said that banks could adopt a graded approach based on the severity of the coronavirus pandemic on a sectorSC has asked the Centre and RBI to put before it within a week the recommendations and the decisions on loan moratorium

The finance ministry in an affidavit to the Supreme Court on Saturday said that if charges were waived for all categories of loans, it would lead to a ₹6 trillion burden for banks

Govt has to file an affidavit by 1 Oct to spell out its stand over charging of interest by banks on instalments, which were deferred during the moratorium periodA three-judge bench, headed by Justice Ashok Bhushan, deferred the matter for 5 Oct

The apex court has told the Centre, RBI, and banks to file a concrete reply by 5 October, clarifying their stand on waiving interest charged during the loan moratorium announced in view of covid

53-year-old Gajendra Sharma's $13,500 debt risks destabilising India's banks, authorities warn