Tag: <span>EMI</span>

BANK

SBI’s BIG DECISION ON EMI AFTER ANNOUNCEMENT OF RBI. CUSTOMERS WILL GET RELIEF

taxconceptMarch 28, 2020April 4, 2020

The RBI made several important announcements on Friday to save the economy from the Corona Crisis. SBI has also made a big announcement regarding EMI. SBI has deferred three installments...

BANK

RBI RELAXATION DUE TO COVID-19 PANDEMIC

taxconceptMarch 28, 2020April 4, 2020

(1.) Targeted Long Term Repos Operations (TLTROs) : Reserve Bank will conduct auctions of targeted term repos of up to three years tenor of appropriate sizes for a total amount...

BANK

RBI CLARIFICATION : NOT JUST EMI, CREDIT CARD DUES WILL ALSO BE COVERED UNDER THREE MONTHS MORATORIUM

taxconceptMarch 27, 2020April 5, 2020

The Reserve Bank of India has clarified that all lending institutions are permitted to grant a moratorium of three months on payments of all installments on term loans, including credit...

BANK

RBI’S EMI MORATORIUM : WILL MY INSTALLMENT BE DEDUCTED? ARE CREDIT CARD BILLS SUSPENDED? AND OTHER QUESTIONS ANSWERED

taxconceptMarch 27, 2020April 5, 2020

>> The RBI today allowed banks to offer a moratorium on all term loans. >> The step was taken in light of the COVID-19 outbreak and the subsequent lockdown. The...

Tag: EMI

SBI’s BIG DECISION ON EMI AFTER ANNOUNCEMENT OF RBI. CUSTOMERS WILL GET RELIEF

RBI RELAXATION DUE TO COVID-19 PANDEMIC

RBI CLARIFICATION : NOT JUST EMI, CREDIT CARD DUES WILL ALSO BE COVERED UNDER THREE MONTHS MORATORIUM

RBI’S EMI MORATORIUM : WILL MY INSTALLMENT BE DEDUCTED? ARE CREDIT CARD BILLS SUSPENDED? AND OTHER QUESTIONS ANSWERED

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RBI CLARIFICATION : NOT JUST EMI, CREDIT CARD DUES WILL ALSO BE COVERED UNDER THREE MONTHS MORATORIUM

FOUR BIG BANKS WILL BE FORMED BY MERGING 10 PUBLIC SECTOR BANKS. THE PROCESS WILL RUN UNDER A PREDETERMINED SCHEDULE.