This is the largest ever health sector support from the Bank to India.
BENGALURU: In a major relief for 23 crore individual vehicle owners and 40 crore citizens, who benefit from a private or state health insurance scheme, the ministry of finance has amended the law and extended validity of insurance papers till April 21, 2020.
The loan deferment is a welcome move for the borrowers who are facing any cash flow mismatch on account of the recent outbreak of Covid-19.
Govt cuts small savings interest rates for April-June by 70-140 bps The Public Provident Fund will now fetch 7.1% returns, after an 80 bps cut in its interest rate
The new interest rates for small savings schemes will remain in effect for the first quarter of financial year 2020-21, that is from April 1, 2020 to June 30, 2020
The PM-CARES Fund was set up on March 28 to raise money to deal with any COVID-19 like emergency situation and provide relief to the affected.
Dear Policyholders, we are committed to your safety and wellbeing. The whole nation is fighting Corona Virus COVID-19. Under these challenging circumstances, team LIC assures you that we are doing our best to ensure that critical policy services remain unaffected and you get your due payments on time.
RBI has allowed lending institutions to offer a moratorium on loan repayments.
A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted, the government said
The 2020 Olympics have been postponed amid the global coronavirus pandemic that has brought nearly all sport to a halt worldwide.
Government could revise interest rates on small savings scheme by a token 25-30 basis points across products SBI pays interest of 5.9% across its FDs between one and 10 years
After today's rate cut, it remains to be seen how much impact with the recent rate cuts, it will have on the home loan and other borrowers.
The credit history of the borrower will not be impacted The RBI today cut repo rate by 75 basis points and also cut cash reserve ratio by 100 basis points
The rate cut was warranted by disruptive force of coronavirus, the central bank said.
RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.
What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on
The FM announced a slew of measures to ease the burden on the poor who will be hit hard by the lockdown.