It is encouraging to see that the Hon.Supreme Court has understood that the period of moratorium was a time when most businesses were were struggling to survive &hence could not pay interest on their loans no matter what amount or size was @CREDAINational @ASSOCHAM4India Mar 23, 2021 13
Loan Moratorium case: (a) Penal Interest / Interest on Interest / compound interest during moratorium is to be waived for all borrowers & to be adjusted in the next instalments (b) Moratorium Circular to not apply only to Banks but also madatorily, compulsorily apply to NBFCs FIs Mar 23, 2021 2
*NewsFirstI Supreme Court orders waiver of compound interest of all borrowers, including those exceeding Rs 2 crore, for the period during loan moratorium & directs that financial bodies must refund / adjust the penal interest for all borrowers. @CREDAINational @ASSOCHAM4India Mar 23, 2021 3
RT @KailashBabarET: #Realty developers, #homebuyers raise concerns over #moratorium period #interest; say goes against intent, logic of lo… Jun 12, 2020 0
RT @manishanataraj: About time. #interestrates #homebuyers #economy #India SC slams RBI on interest on loans in moratorium: Economic aspec… Jun 07, 2020 0
SBI to automatically extend moratorium by another three months https://t.co/ERHzUPyucl @CREDAINational May 27, 2020 5
We welcome 3 months extension in moratorium, however the extension should be for a year time. However, we r hoping for a quick transmission of these in banks.We r hopeful that govt will take measures for 1 time restructuring of loans & infusion of liquidity to revive the sector May 22, 2020 13
We are assuming that the moratorium covers all #homeloans, #autoloans & #personalloans of any nature It's very important that hard working #tax paying middle #income segment is provided this flexibility @CREDAINational #IndiaBattlesCoronavirus @PMOIndia @FinMinIndia @RBI Mar 27, 2020 11
The decisions by @RBI today is much awaited comprehensive package to ease burden of all #financial classes We thank #RBI for considering & implementing our recommendations on providing 3 month moratorium on #loans & injecting #liquidity in cash crunched #economy @CREDAINational Mar 27, 2020 4
