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Petition in Supreme Court...

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A Public Interest Litigation has been filed in the Supreme Court seeking directions to the Union of India and Reserve Bank of India to permit banks to offer a moratorium on payments to borrowers for the period of June to August.
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Loan moratorium: Covid se...

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The recent resuscitation move by the Reserve Bank of India may not be enough to help small businesses stay afloat. A petition filed in the Supreme Court wants a fresh moratorium on interest on bank loans.
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RBI liquidity push gives ...

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With the second wave of Covid-19 putting further stress on the economy, the Reserve Bank of India has launched measures to enhance fund flow for the healthcare sector and inject more liquidity into the system. Will they help?
news

RBI to remain under RTI A...

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The Court dismissed all applications by the banks for the recall of a December 16, 2015 Judgement of the court in which the Supreme Court had decided that RBI has to act with transparency.
IL Feature

Loan moratorium: A balanc...

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In a verdict that balances business and consumer interests, the Court ruled that there would be a waiver of compound interest on loans from March 1 to August 31, 2020 due to Covid-19.
Courts

Supreme Court refuses to ...

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The bench had reserved the verdict on December 17 last year after hearing the petitioners, the Centre, RBI and intervenors.
Supreme Court

Supreme Court lays down b...

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The Supreme Court has directed the RBI to lay down comprehensive directions mandating the steps to be taken by banks with respect to locker facility/safe deposit facility management.
Columns

Tightening the NBFC screw...

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The RBI proposes tighter rules for NBFCs and wants them classified into four categories. This is crucial for fiscal steadiness and to bring back confidence and will ensure that larger players will be screened just like banks.
Courts

SC adjourns plea seeking ...

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In his petition, Viswam also prayed that Indians’ right to privacy should be protected from being misused by giant corporations for their financial ends.
IL Feature

Mobile lending apps: Digi...

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In a shocking development, online fraudsters are offering easy loans and using forceful ways to humiliate customers so that they cough up the cash borrowed, leading many to commit suicide in desperation.
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