Don't extend loan moratorium, able corporates not paying loans: HDFC's Parekh to RBI

Terming it the most critical step, Parekh also made a strong pitch for a one-time restructuring to avoid a surge in non-performing assets

RBI cuts repo rate, extends loan moratorium, projects negative GDP growth

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to lockdown extension

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May, 2020

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term loans

The stipulation on additional 10 per cent provisioning could increase total provisioning by Rs 35,000 crore in the March and June quarters

Existing guidelines already have provisions for mutual funds to deviate from the valuation given by the valuation agencies

Many borrowers, credit cardholders received SMS from their lenders reminding them to maintain sufficient balance on the due date

SBI is mandated not to bring down stake below 26 per cent for at least three years

The bank's shareholding in Yes Bank will remain within 49 per cent of the paid up capital of the private sector lender

Ramsarup Industries, maker of wires, TMT bars and steel, had imported two consignments of machineries from Italy in April 2009.