RBI has accepted bankers’ demand for one-time loan restructuring instead of extending the moratorium as a way of countering the impact of the Covid-19 pandemic.
For nearly five months now, RBI has kept many of its staff and vendors, among others, isolated in a hotel and run payments system from its data centre in Navi Mumbai.
Policies like deficit monetisation, loan restructuring, higher tariffs and import licencing have been brought back to combat the economic fallout of Covid-19.
Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans, including repayment status of millions of retail borrowers.
RBI expects headline inflation to remain elevated in the second quarter of 2020-21. It also sees real GDP shrinking in the first half as well as the full year.
Deepak Parekh, Chairman of HDFC Ltd, India's largest housing finance company, was the guest at ThePrint's Off the Cuff. In a conversation with Editor-in-Chief...
At ThePrint's Off the Cuff, HDFC chairman Deepak Parekh said govt should reduce stakes in state-owned banks to 51% and pursue aggressive asset monetisation & privatisation.
Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
Why is someone threatening suicides here failing extension of moratorium? If thee is restructuring, start with the poor first. In 2008 when govt announced relief against NPAs due to global meltdown, the businesses took the country on a royal ride. The poor will not take any discrimination lying down.
Modi government must extend the moratorium till December. Modi is saying sab ka khayal rakhte hain shoot bolta hai. Khana ka paisa poora nahi hota , ghar ka bhada baaki hai, bijli bill baki hai, school fees baki hai, bahut diktat hai. AB EMI KAHAAN SE DENGE. BAJAJ FINANCE KA AGENT AUR GUNDA PHONE KARKE PARESAAN KAREGA,DHAMKI DEGA, BOLEGA PAISA JAISE BHI DO, GHAR MAIN GHUSEGA . MERA personal loan ka moratorium December tak Milan chahiye, sare loan ko moratorium milne chahiye. Nahin to main suicide karungi. Modi government se hamari biswas uthjayagi
A needed move? seriously? this pathetic print media is obviously has no idea which state India is in!
Even in Moratorium period, banks are calling daily and harassing,
Now this incompetent and illiterate government directly handed the situation to banks, GOD only know, how many will be dead not by COVID but by harassment from banks.
Oviously.. Every one should get the moritorium because..if banks to give the moritorium to selected candidates.. Then the left candidates will get pressure alot from collection agents though the company dont know where the consumer is in a postion to pay or not..personally if the person will not get the moritorium then the has to be suicided.. In the lock down period only people are getting many many calls from collection departments to reach there targets they are telling many stories to get payment forecfully from the customers who are mostly not educated and dont have any information… Any ways customers who has the amount anyways they pay in time or after wards through paymentink to avoid the additional charges in this i request kindly allow moritorium for every customer to all the small and large loans and others payments like credit card… As per there request…please.. Thank you…
Moratorium must be extended till December otherwise we will be very badly hit. In case of cheque bounce bajaj finance company ‘s agents will call time and again, harass, intimidate, threat and demand the money. Their recovery agents will forcibly enter the house and will use filthy and uncivilized languages and threat to face dire consequences.
Any extension on moratorium after 31st August for loan against property costumers, zero income madam kindly support us for getting moratorium new loans in this financial crisis, period should be extended till December 2020…
The Govt. should stand with the people, they should know the the situation of the citizens during this pandamic and extend the moratorium until December, many lost their jobs, business are down, no money for food with people. How can bank say no to moratorium and the Govt. and RBI accept it. The Govt. and the RBI should take the decision and ask the banks to do and not let the banks decide and ask the Govt. and the RBI to do for them.
I just want to say that I don’t have job right now how can I pay my EMI and I am on rent land lord said pay my rent school asking pay my fees I am a school teacher and school said I have no money to pay salary a big question for us???????????
Once banks were adding the interests for all six/five moratorium months to the leftover principle amount then what were the losses to banks? Moratorium still can be extended instead of restructuring of loans only for perticular borrowers.
Because job holder borrowers became jobless more in the context of covid19 than bussiness-man borrowers.
The cruise industry is very hard on us no salary from the past 6 months how am I supposed to pay my emi the bank people don’t have a heart they keep torturing you with phone calls so what is the government doing about it
But that’s mean we have to pay interest in all case pls cut the roi at least half of it in moraturium period
People are interested in moratorium3 not in restructuring of loans, why is the Narendra Modi government not coming to the rescue of the poor borrowers instead backing the banking sector leaving the poor helpless people at the beck and call and mercy of the banks. Is this why they have voted you all to power only to deceive and ditch them in this dufficult days where there are no jobs no salaries and their survival is at stake. With so many sectors still closed down and the lockdown still in place where do they get respite.
No work no business no money no food pay EMI?
Please moratorium December month ending
No moratorium no pay EMI npa
number of browsers defaulters cibl block list
A big bloom financial sector
Please moratorium next 4 months
No activity bussiness moment
Banks are already doing the economic heavy lifting in COVID crisis. Now restructuring of large borrowal loans , with blessings by experts like you , is coming . Madam , as a Bank depositor , I am worried on whether FRDI will come back again ? Whether Bank Depositors will be holding all these babies ultimately ?
Why is someone threatening suicides here failing extension of moratorium? If thee is restructuring, start with the poor first. In 2008 when govt announced relief against NPAs due to global meltdown, the businesses took the country on a royal ride. The poor will not take any discrimination lying down.
Moratorium period must be extended till 31 December because I belong to education sector in which related people still facing problems.
Modi government must extend the moratorium till December. Modi is saying sab ka khayal rakhte hain shoot bolta hai. Khana ka paisa poora nahi hota , ghar ka bhada baaki hai, bijli bill baki hai, school fees baki hai, bahut diktat hai. AB EMI KAHAAN SE DENGE. BAJAJ FINANCE KA AGENT AUR GUNDA PHONE KARKE PARESAAN KAREGA,DHAMKI DEGA, BOLEGA PAISA JAISE BHI DO, GHAR MAIN GHUSEGA . MERA personal loan ka moratorium December tak Milan chahiye, sare loan ko moratorium milne chahiye. Nahin to main suicide karungi. Modi government se hamari biswas uthjayagi
Moratorium must be extended otherwise I think that there will be number of cases of suicide .
Please take the matter seriously.
A needed move? seriously? this pathetic print media is obviously has no idea which state India is in!
Even in Moratorium period, banks are calling daily and harassing,
Now this incompetent and illiterate government directly handed the situation to banks, GOD only know, how many will be dead not by COVID but by harassment from banks.
Oviously.. Every one should get the moritorium because..if banks to give the moritorium to selected candidates.. Then the left candidates will get pressure alot from collection agents though the company dont know where the consumer is in a postion to pay or not..personally if the person will not get the moritorium then the has to be suicided.. In the lock down period only people are getting many many calls from collection departments to reach there targets they are telling many stories to get payment forecfully from the customers who are mostly not educated and dont have any information… Any ways customers who has the amount anyways they pay in time or after wards through paymentink to avoid the additional charges in this i request kindly allow moritorium for every customer to all the small and large loans and others payments like credit card… As per there request…please.. Thank you…
Please gave the moratorium extension for another three months . We are not able to pay emi.
Extend the moratorium
Moratorium must be extended
Moratorium must be extended till December otherwise we will be very badly hit. In case of cheque bounce bajaj finance company ‘s agents will call time and again, harass, intimidate, threat and demand the money. Their recovery agents will forcibly enter the house and will use filthy and uncivilized languages and threat to face dire consequences.
Any extension on moratorium after 31st August for loan against property costumers, zero income madam kindly support us for getting moratorium new loans in this financial crisis, period should be extended till December 2020…
Since people are jobless,no bussiness is there How the people will pay emi so the moratorium should extend up to atleast December 2020.
The Govt. should stand with the people, they should know the the situation of the citizens during this pandamic and extend the moratorium until December, many lost their jobs, business are down, no money for food with people. How can bank say no to moratorium and the Govt. and RBI accept it. The Govt. and the RBI should take the decision and ask the banks to do and not let the banks decide and ask the Govt. and the RBI to do for them.
I just want to say that I don’t have job right now how can I pay my EMI and I am on rent land lord said pay my rent school asking pay my fees I am a school teacher and school said I have no money to pay salary a big question for us???????????
Who will solve our problems when govt ask pay EMI
Moratorium should be extended till December 2020.
Once banks were adding the interests for all six/five moratorium months to the leftover principle amount then what were the losses to banks? Moratorium still can be extended instead of restructuring of loans only for perticular borrowers.
Because job holder borrowers became jobless more in the context of covid19 than bussiness-man borrowers.
Some state lock down still going on
we lost job ,business no money how to pay EMI , need
Extend Moratorium central govt. plz helpWe us.
Yours
Indian
The cruise industry is very hard on us no salary from the past 6 months how am I supposed to pay my emi the bank people don’t have a heart they keep torturing you with phone calls so what is the government doing about it
But that’s mean we have to pay interest in all case pls cut the roi at least half of it in moraturium period
No buisness no job how middle class will pay EMI
I request government to extend moraorium til 31 st December 2020
People are interested in moratorium3 not in restructuring of loans, why is the Narendra Modi government not coming to the rescue of the poor borrowers instead backing the banking sector leaving the poor helpless people at the beck and call and mercy of the banks. Is this why they have voted you all to power only to deceive and ditch them in this dufficult days where there are no jobs no salaries and their survival is at stake. With so many sectors still closed down and the lockdown still in place where do they get respite.
Plz extend moratorium period
No work no business no money no food pay EMI?
Please moratorium December month ending
No moratorium no pay EMI npa
number of browsers defaulters cibl block list
A big bloom financial sector
Please moratorium next 4 months
No activity bussiness moment
Loan Restructuring is for Individual Borrower also?
Banks are already doing the economic heavy lifting in COVID crisis. Now restructuring of large borrowal loans , with blessings by experts like you , is coming . Madam , as a Bank depositor , I am worried on whether FRDI will come back again ? Whether Bank Depositors will be holding all these babies ultimately ?
Do we have any extension on Moriturium after 31st Aug 2020