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Finance Ministry is assessing the issue of interest waivers on COVID Loan Moratorium – Permitting a moratorium, but offering no relief through interest, is more detrimental, the apex court told the banking regulator RBI. The moratorium was initially granted on all type of loans whose installments were due between March 1 and May 31. Later […]
You will not believe that there are not much takers for RBI’s 3-month loan EMI moratorium offered by various banks due to COVID-19 pandemic. Borrowers of mainly retail and corporate loans of many of the top banks seem to be staying away from availing the three-month EMI (Equated Monthly Instalments) moratorium under the Reserve Bank […]
COVID-19 Personal Loan – Almost all the public sector banks are offering the COVID-19 Personal loan to their existing borrowers under salary, pension, home , MSME and Mortgage loans. Some of the big banks offering covid-19 personal loans include SBI, Canara Bank, Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of India (BoI) , […]
COVID-19 Personal Loan – Public Sector Banks (PSB) have started offering the personal loan to COVID effected customers. Some of the banks offering covid-19 personal loans include SBI, Canara Bank, Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of Maharashtra (BoM), Bank of India (BoI) and others. Banks are offering Covid-19 personal loans only to […]
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