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11:00 AM
Loan moratorium case: SC hearing to begin shortly
Supreme Court’s Justice Ashok Bhushan led bench will shortly take up plea(s) seeking extension of the coronavirus induced loan moratorium & waiver of accruing interest.
10:59 AM
Bombay High Court to hear today Arnab Goswami's plea against further investigation in the 2018 suicide case
10:27 AM
Loan moratorium case: On Tuesday, Centre had sought adjournment in loan moratorium case listed in SC
On Tuesday, Centre had sought adjournment in loan moratorium case listed in SC, following which, the court fixed November 5 to resume hearing.
10:18 AM
Loan moratorium case LIVE | Banks will be guided by a scheme for effectuating ex gratia payments to borrowers: RBI to SC
Reserve Bank of India (RBI) has informed the Court that banks shall be guided by a Scheme for effectuating ex gratia payments to borrowers towards specified loan amounts vide additional affidavit.
10:17 AM
Loan moratorium case: Senior Advocate Abhishek Manu Singhvi says the circular of the RBI has discriminatory elements
Senior Advocate Abhishek Manu Singhvi: We are power producers, all we are asking that the circular of the RBI has discriminatory elements. This may be given some priority.
10:09 AM
Delhi pollution: Air pollution continues to rise in the national capital as the Air Quality Index (AQI) deteriorates
9:59 AM
39 per cent customers have availed loan moratorium scheme, will pass on benefits by Nov 5, says PNB CEO
Around 38.92 per cent customers of Punjab National Bank have availed the moratorium scheme announced by the Reserve Bank of India (RBI), bank's Managing Director (MD) and Chief Executive Officer (CEO), SS Mallikarjuna Rao said on Tuesday.
Rao, speaking over a video conference meeting with reporters, said the benefits of the scheme, as announced by the government, will be passed on to the customers by November 5.
The Union Ministry of Finance had approved a scheme to provide relief in interest compounding to borrowers for the six-month loan moratorium period extended in view of the COVID-19 pandemic.
This will come in form of the grant of ex-gratia payment of the difference between compound interest and simple interest for six months period from March 1 to August 31.
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First Published: Nov 05 2020 | 7:03 AM IST