How To Protect Yourself From Lack Of Money Amidst Coronavirus

Central, state and local administrations are making every effort to fight a deadly epidemic like Coronavirus or Covid-19. Patients of this epidemic are increasing all over the country. Also, businesses, schools, public facilities and functions have been temporarily closed or quarantined in some cases. These steps have been taken to reduce the devastation of this … Read more

Coronavirus Impact: Banks Plead With RBI To Give Relief To Loan Borrowers

Coronavirus (COVID-19) epidemic has caused disruptions in corporate cash flow. Hence, Indian lenders are seeking relief from the Reserve Bank of India for the borrowers and are not classifying the affected areas as bad loans in the March quarter. State Bank of India Chairman Rajneesh Kumar said that banks are reviewing aviation, tourism, small transport … Read more

Coronavirus Crisis: Customers Will Not Have To Give EMI for Three Months, Banks Give Discounts On All Types Of Loans

In the midst of the outbreak of Coronavirus, the Reserve Bank of India (RBI) has announced a 3-month moratorium on all term loans in a press conference. RBI Governor Shaktikanta Das said in his statement, ‘All commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, All India Financial Institutions … Read more

Banks Launch Emergency Credit Line Amid Coronavirus Epidemic

In view of the coronavirus epidemic, public sector banks such as Bank of India, Union Bank of India, UCO Bank and Indian Bank have announced emergency loans such as personal loans and line of credit for existing MSME customers and members of self-help groups. This decision has been taken after consultation with the Finance Ministry. … Read more

Where Can Small Businesses Go For Help In Midst Of Coronavirus Epidemic?

The Indian economy has suffered a major setback due to the coronavirus epidemic. Due to this, small industries of the country have been affected the most. Large companies have sufficient revenue, contingency funds and a significant consumer base to avoid losses. But small industries do not have enough money to protect themselves. So by the … Read more

Coronavirus: What Is The Truth Of RBI’s Prolongation Of EMI For Three Months

The current conditions in the country are not hidden from anyone. There is a medical emergency in India at the moment and Prime Minister Narendra Modi has announced a lockdown across the country by 14 April. After this announcement, everything has come to a standstill in the entire country except production and supply of essential … Read more