IFTRT says 30,000 trucks have either been impounded or surrendered
In this podcast, Business Standard's Sanjay Kumar Singh answers all your questions and try to explain in detail about the reimbursement plan
UK considers shorter self-isolation period, crude oil Oilon surge in cases, why 2020 is different for student loan payments, and other pandemic-related news across the globe
Here's a selection of Business Standard opinion pieces for the day
Borrowers must recommence regular repayments and ensure that they do not default on their loan obligations
Interest is not being waived and the benefit is extended to all - including those who have not availed of the loan moratorium. So, it will not vitiate the credit culture
Says outstanding debt on date of invocation will be eligible for restructuring under regulatory scheme for borrowers facing financial stress due to Covid-19
With portability, a large number of borrowers will move to a 1-2 percentage points lower rate and enjoy handsome savings
Since simple interest keeps accumulating, your outstanding at the end of the moratorium will be higher than at the start
Most stressed lenders should go into restructuring with the IBC being its bedrock
Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts
The accumulated interest will increase the principal and you will have to pay a higher interest rate on it
"The delay in reporting is due to efforts being made by the company to make payment by mobilising certain funds to make payment and then submit report of having repaid with delay," FEL said
Sterling & Wilson default is a cause of concern for lenders
Shapoorji Pallonji, Daruvala express inability to pay instalments
Except for a few, most PSBs face major challenges in raising capital from the market, given the low premium
Here's a selection of Business Standard opinion pieces for the day
The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both
These exclude banks, insurers, and NBFC
In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator