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Moratorium by HDFC Ltd. on Home Loan Repayment in the Wake of COVID-19

The ongoing Coronavirus or COVID-19 crisis has shaken the entire world. This pandemic has created a health emergency in the world, including India. ... Read More
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SBI Reduces Interest Rate on Savings Account to 2.75%

State Bank of India (SBI), the country's largest lender, announced on 7th April 2020 that it has cut interest rates on its saving accounts by 25 basis points (bps). ... Read More
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SBI Cuts MCLR by 35 bps Home Loan EMIs Down by Rs. 52/ L for Most Borrowers

Bringing another repayment relief to borrowers, the State Bank of India has announced a rate cut in MCLR by 35 bps across all tenors. ... Read More
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Bank Mergers in India: Impact on Borrowers

Last year in August, the Finance Minister of India, Nirmala Sitharaman, announced that the 10 public sector banks will be consolidated into 4 mega state-owned ones. ... Read More
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DHFL Auto Opts in Customers for COVID Moratorium Relief; Make Choice before April 7

Dewan Housing Finance Corporation Ltd. has announced three months Moratorium on payments falling due between March 2020 to May 2020 for eligible customers.... Read More
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YES Bank’s COVID-19 Moratorium for Term Loans, Cash Credit & OD- All You Need to Know

Following RBI's guidelines, YES Bank has also offered a repayment moratorium for customers of Term Loans, Cash Credit and Overdraft facilities. All these customers are now allowed to defer the payments fal... Read More
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Punjab & Sind Bank Offers Deferment of Loan Instalments on Account of COVID-19

In support of RBI's COVID 19-RBI Package, the Punjab & Sind Bank has announced the deferment of EMIs on loans taken from it. As a special dispensation, loan EMIs for the month of March, April and May 2020 ... Read More
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Canara Bank Provides COVID 19 – RBI Package for Term Loans

To support the COVID 19-RBI package, Canara Bank offers its borrowers a moratorium/deferment of instalments for Term Loans falling due from 01.03.2020 to 31.05.2020, and extends repayment period accordingl... Read More
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Indian Overseas Bank Announced COVID 19 – Regulatory Package for Term Loans & Pension Loans

The Indian Overseas Bank (IOB) in terms of COVID 19-Regulatory Package offers moratorium/deferment of instalments/EMIs for Term Loans falling due from 01.03.2020 to 31.05.2020.... Read More
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RBL Bank’s COVID 19 Moratorium: No New Purchases for Cards that Opt-in; Same EMIs September Onwards for Loans

RBL Bank has shared detailed terms and conditions to abide by RBI's directive to allow a three-month moratorium or deferment of EMIs and interest payment to its term loans and credit card customers.... Read More
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