Loan

Can’t extend loan moratorium period, may affect credit creation in economy: RBI to Supreme Court

Can’t extend loan moratorium period, may affect credit creation in economy: RBI to Supreme Court

The Reserve Bank of India (RBI) filed a fresh affidavit in the loan moratorium case and told the Supreme Court that it cannot give more time as relief for sectors hit by the coronavirus pandemic. In the affidavit, RBI also stated that it is not possible to extend the moratorium period beyond six months. Explaining its reason, RBI said that exceeding the time limit may result in impacting overall credit discipline as it can widely effect the process of credit creation in the economy and also impact credit behaviour…
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SBI home loan borrowers can avail this offer to pay lower EMIs

SBI home loan borrowers can avail this offer to pay lower EMIs

In what could bring relief to lakhs of State Bank of India (SBI) customers, the PSU Bank is offering option to its existing home loan borrowers to switch over to EBR stands for External Benchmark Rate from the existing MCLR based loans. By paying a one time switchover fee plus GST, SBI home loan borrowers can avail the above option on lower interest rates. Additionally, women loan borrowers will get an a special discount of 0.05 percent on interest rates. What is EBLR? Is it a new…
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