RBI had announced Moratorium a 3-month moratorium which was extended for another 3 months. We have seen what the Moratorium was and why was it announced here. But RBI has decided not to extend Moratorium beyond August. Let us see why? ALM (Asset Liability Management) Issues: Banking is a business where Banks borrow for a … Continue reading Why Moratorium wasn’t extended…
Explained: Moratorium on Loans
What is Moratorium Moratorium here meant that the borrower can choose not to pay Interest and Principal due for the time decided. Payments are deferred.RBI has allowed Banks and NBFCs to offer Moratorium to all Term loans. Term loans here will include all kinds of retail loans such as vehicle loan, home loan,Credit card and … Continue reading Explained: Moratorium on Loans
Explained: Micro-finance
Microfinance is providing financial services to that section of the population which is not served by the traditional financial institutions. Micro-credit refers to the granting of very small loans to impoverished borrowers, with the aim of enabling the borrowers to use that capital to become self-employed and strengthen their businesses. Microfinance Institutions give loans in … Continue reading Explained: Micro-finance