Saloni Shukla

  • NBFCs want banks to pass on moratorium benefits

    NBFCs want banks to pass on moratorium benefits

    Non-bank lenders, concerned about the ‘discretion’ banks would enjoy on demanding repayments through a three-month grace period, plan to approach the finance ministry and the Reserve Bank of India (RBI).

    Covid effect: Govt may ease resolution rules for insolvent firms

    Covid effect: Govt may ease resolution rules for insolvent firms

    Sitharaman recently said that if the disruption caused by coronavirus extends then it would suspend the use of the corporate insolvency resolution process for sometime. The finance minister had also increased the minimum amount of the default required to initiate the insolvency resolution and liquidation processes against companies from Rs 1 lakh to Rs 1 crore.

    SBI cuts lending rate by 75 bps

    SBI cuts lending rate by 75 bps

    With this downward revision SBI’s external benchmark linked lending rate (EBR) stands at 7.05 percent while its repo linked lending rate (RLLR) now stands revised to 6.65 percent. EMIs on eligible home loan accounts (linked to EBR/RLLR) will get cheaper by over Rs 52 per one lakh on a 30 year loan, the bank said in a press release.

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