RBI – Page 2 – Lawcutor

Centre informs SC of waiver of compound interest for loans up to Rs. 2 crores

Replying to a plea challenging the interest on interest for loans in a notification dated March 27, the Centre has informed the Supreme Court of its decision to waive compound…

LOAN MORATORIUM CAN BE EXTENDED FOR 2 YEARS: CENTRE TO SUPREME COURT

The moratorium period on repayment of loans can be extended by two years as per the RBI's circular, informed the Supreme Court. The extension is allowed on the grounds of…

To extend the deadline of moratorium on loan repayment lawyers moves to SC

On account of the economic crisis faced by various sectors A lawyer has moved the Supreme Court seeking a direction for the Reserve Bank of India (RBI) to extend the…

RBI denied the permission to WhatsApp to go live for full Scale UPI operation.

1 Aug 20201 Aug 2020

The Reserve Bank of India (RBI) has said to the Supreme Court that it has denied the permission to WhatsApp to go live for full scale operations on the Unified Payments Interface (UPI) payment…

BANK SANCTIONS LOANS TO MESME AND OTHER BUSINESSES

Loan of 79k crore is sanctioned to 19lakh Msme and other businesses, out of which 35k crore has already been disbursed, top lenders are SBI,HDFC bank , Bank of Baroda,…

Will there be interest on interest for payments deferred due to Moratorium, SC asks RBI

Union ministry and RBI if deferment of payments on account of the 6 month loan moratorium will entail accural of interest on interest.Bench comprising of justice Ashok Bhushan, SK Kaul…

Focus Proposes Decriminalization Of Check Dishonor Under Sec 138 NI Act, Other Economic Offenses; Seeks Public Comments

10 Jun 202010 Jun 2020

In an offer to improve simplicity of working together and subsequently improve monetary development in the nation, the Union Finance Ministry has welcomed recommendations on the decriminalization of certain minor…

Issue of Moratorium discussed by RBI before SC.

4 Jun 20204 Jun 2020

Due to the worldwide Pandemic, RBI on 27th March issued a circular to allow banks to allow the borrowers a moratorium on installment payments for a period of three months…