The loan moratorium scheme was announced by the Reserve Bank of India (RBI) as an emergency relief measure to stressed borrowers in the wake of coronavirus pandemic. Those borrowers who opted for loan moratorium has now become a burden for them. They have to pay interest-on-interest or compound interest that will increase their regular equated […]
Banking & Industry News Updates
Government approves SPV scheme to infuse liquidity into NBFCs & HFCs
The government has approved a special liquidity scheme under which all the eligible non-bank lenders will be provided short term liquidity. The short term liquidity scheme will be given funds under a special purpose vehicle (SPV) set up by SBI Capital Securities. The Reserve Bank of India (RBI) stated in its guidelines that under special […]
RBI proposes changes in HFCs to make the stronger regulatory framework
The Reserve Bank of India (RBI) has proposed several changes in the regulatory framework for housing finance companies aimed at strengthening the capital base. Housing finance companies lately undergoing lots of challenges due to economic slowdown, lockdown, and liquidity crisis. To counter all these challenges the central bank took regulatory control of housing finance companies […]
Housing Finance Companies now look for mortgage covers to secure themselves
Uncertainty factors over any business could spoil its future prospect. Similarly, housing finance companies in India are undergoing a long phase of uncertainty over its business existence. It has been witnessed in western countries like the United States of America, Canada, and European countries along with Australia have well-developed and flourished mortgage guarantee market. Unlike […]
Reduce Your EMIs, Shift to Repo Linked Home Loan Amidst Coronavirus Crisis
Paying high EMIs (Equated Monthly Installments) amidst coronavirus pandemic times where economic activities are restricted is very difficult to cope with it. To survive COVID-19 induced storm of financial distress without hurting our household budget is the top priority of every person. However, this situation does not seem to be easy to execute, but with […]
