UEFA Champions League football big-name statistics
jungleerummy cash app
1918 lianhuanduobao,365 top up,888 live dealer how it would be,ag lisboa entertainment,aojia international entertainment,a-sports.gr,Baccarat betting timing,Baccarat Gives Cash,Baccarat Probability Analysis Software Registration,baccarat-003,bashan entertainment real money card game,beiteshi live casino,bet365 sports online betting,betting slot give away bonus,big and small gambling method,bodog online business,Bookmaker winnings,caikewang football lottery odds,candy party group,cash 2 players mahjong,casino au qu茅bec,casino quiz 40 answers,casumo sports review,chessbot 0 80,cm galaxy meitong official website,cricket dress,crown 0088 official,da fa 888 official huang pu website,dafa888 entertainment betting,daily sports lottery soccer apk,dingfeng casino official website,dream electronic games official website,electronic game download platform,engine rules,euro cup champion betting,fafafa slot machine official website,fl lottery post,football lottery app pending award,football lottery high odds,football lottery parlay technique,football lottery side bet and national lottery,Football match result,free gin rummy classic,fruits slot machine zhuanzhuan,galaxy arc de triomphe account opening ,galaxy entertainment dazhang,galaxy mobile login url,gambling game boutique,genesis casino bonus code 2021,global cash casino,golden sand gambling ship direct selling,grand lisboa entertainment casino,haiyuan online entertainment sign up,hd lottery,Hong Kong Mark Six Lottery Results mark six Online,how to bet on nba games,how to pronounce baccarat in english,huatai real people sign up,intitle cash web ranking,isb electronic slot machine,jiaying international url,jinyuanbao slot machine,kaifa url,las vegas website,leovegas kokemuksia,lianhuanduobao civilian strategy,lianhuanduobao truth,lisboa casino download,lisboa sign up,live casino roulette game,live slot machine give away bonus,lottery game,lovebet 100 bonus,lovebet email id,lovebet prediction telegram,lovebet247.com mobile,ludo yars game,macau casino haobc,macau galaxy playground,macau grand lisboa hotel website address,macau mgm entertainment official entrance,macau slot machine first prize,macau wanbo sports gaming,Mark Six Historical Lottery draw Results Query Record,mgm company,mobile football lottery software,myanmar galaxy international sign up,new gambling company,niuniu gambling casino,official betting website address,online boeing official website,online entertainment card game,online game rooms,online poker legislation,online slots paypal,parimatch brand ambassador,play real money sic bo,poker jargon,Probability in Baccarat,qi sheng international casino,quiz football lottery match,real money fruit machine slot machine,real people entertainment xiaoyaobowang,recommend a side bet for soccer lottery,roulette free demo,rule validation laravel,rummyculture ceo,seeking basketball betting master,shidao lianhuanduobao,sign up give away 10 dollar experience gold,slot machine catching panda,slot machine king of gambler,slot machine website technique,soccer betting designated website,soccer lottery market ebook,soccer market odds analysis,Sports football betting,sports side bet platform,star moon city baccarat official website,taobaobo,texas holdem yahoo,the rummy federation,there are dota2 betting groups,today world cup matches schedule,type of lianhuanduobao candy,video poker offline free,wanxiangcheng online casino,what are the rules of rummy,where have baccarat agent,wildz bonus code free spins 2021,wuxi galaxy entertainment,xijia forum football lottery,x-lovebet,yingdeli international casino,yongyinghui real person casino,zhongcaifu tan alternate url
,Loan moratorium: Lenders to credit \u2018interest on interest\u2019 to borrowers by Nov 5, Centre tells SC
UEFA Champions League football big-name statistics
Loan moratorium: Lenders to credit \u2018interest on interest\u2019 to borrowers by Nov 5, Centre tells SC
Follow us on
Image Source : PTI
Loan moratorium: Lenders to credit ‘interest on interest’ to borrowers by Nov 5, Centre tells SC
The Centre has informed the Supreme Court that lenders have been directed to credit in the accounts of eligible borrowers by November 5 the difference between compound interest and simple interest collected on loans of up to Rs 2 crore during the RBI’s loan moratorium scheme.
The Ministry of Finance has said that after crediting this amount, the lending institutions would claim reimbursement from the Central government.
In an affidavit filed in the apex court, the government has said that the ministry has issued a scheme as per which lending institutions would credit this amount in the accounts of borrowers for the 6-month loan moratorium period which was announced following the COVID-19 pandemic situation.
“Under the scheme, all lending institutions (as defined under clause 3 of the scheme) shall credit the difference between compound interest and simple interest in the respective accounts of eligible borrowers for the period between March 1, 2020 to August 31, 2020,” the affidavit said.
It said: “The Central government has directed that all lending institutions described in clause 3 thereof shall give effect to the scheme and credit the amount calculated as per the scheme in the respective accounts of borrowers by November 5, 2020.”
The affidavit was filed in the top court which is hearing a batch of pleas which have raised issues, including that of ‘interest on interest’, concerning the loan moratorium period.
The affidavit said the amount shall be credited by lending institutions irrespective of whether such eligible borrowers have “fully availed or partially availed or have not availed of the moratorium viz. deferment in payment of instalments as per the circulars dated March 27, 2020 and May 23, 2020 issued by RBI.”
“After crediting the said amount in the respective accounts of eligible borrowers, the lending institutions would claim reimbursement from the Central government through the nodal agency of State Bank of India as stipulated under the scheme,” it said.
It said the decision has been taken “after careful consideration, keeping in mind the overall economic scenario, the nature of borrowers, impact on the economy and such other factors as a policy decision earmarking the above referred class of borrowers for grant of benefits”.
On October 14, the apex court had observed that the Centre should implement "as soon as possible" the interest waiver on loans of up to Rs 2 crore under the RBI’s moratorium scheme and had said that the common man's Diwali is in the government's hands.
The Centre had earlier told the court that going any further than the fiscal policy decisions already taken, such as waiver of compound interest charged on loans of up to Rs 2 crore for moratorium period, may be "detrimental" to the overall economic scenario, the national economy and banks may not take "inevitable financial constraints".
The Reserve Bank of India (RBI) had also filed an affidavit in the apex court saying that loan moratorium exceeding six months might result in “vitiating the overall credit discipline”, which will have a “debilitating impact” on the process of credit creation in the economy.
These affidavits were filed following the top court's October 5 order asking them to place on record the K V Kamath committee recommendations on debt restructuring because of the COVID-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
It has also said that the apex court’s interim order of September 4, restraining classification of accounts into non-performing accounts in terms of the directions issued by the RBI, may kindly be vacated with immediate effect.
The Kamath panel had made recommendations for 26 sectors that could be factored by lending institutions while finalising loan resolution plans and had said that banks could adopt a graded approach based on the severity of the coronavirus pandemic on a sector.
Initially, the RBI on March 27 had issued the circular which allowed lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1, 2020, and May 31,2020, due to the pandemic. Later, the period of the moratorium was extended till August 31 this year.
