After the lockdown due to the Coronavirus Disease, many small scale industries are going through a financial crisis in India. They are unable to meet out their manufacturing expenses due to the scarcity of funds. Therefore, the Small Industries...Read More
How to Avail EMI Moratorium Period on All Your Term Loans and Other Credit Facilities at Different Banks?
In one of the major announcements made by the Reserve Bank of India (RBI) on March 27, 2020, the central bank directed all banks and financial institutions to provide a three-month moratorium period on all their term loans and other credit...Read More
Getting Credit Card Bill Payment Reminders Despite RBI’s 3 Months Moratorium
As per the new guidelines of the Reserve Bank of India after the lockdown and Coronavirus Outbreak, the credit card users can skip their bill payment for three months. Suspending the payment for 3 months will neither affect their CIBIL Score nor...Read More
Govt Extends Last Date for Filing ITR to June 30, 2020
The Central Board of Direct Taxes (CBDT) will soon notify the compliance relaxations that also include the 3-month time till June 30 to file the Income Tax Return (ITR). The Union Finance Minister had announced various compliance relaxations...Read More
Manage ICICI Banking on WhatsApp
The Coronavirus Outbreak has affected the smooth banking activities of many banks. Then the lockdown across the whole country to maintain social distancing has restricted many individuals from visiting the bank’s branch. There the ICICI bank has...Read More
Why the 3-month Moratorium Period Won’t be RIGHT for You?
The Reserve Bank of India (RBI) has allowed all public & private sector banks, non-banking financial companies (NBFCs) to shift the EMI payments with respect to the outstanding balances of all retail loans as on March 1, 2020, by 3 months. The...Read More
Does the RBI EMI Moratorium Update have any Effect on Credit Card Users?
The Reserve Bank of India has given an update related to the suspension of EMIs on loan for three months. But there are some credit card users who are in the dilemma of whether this rule applies to the Credit Card EMIs or not. This rule is for all...Read More
RBI’S BIG EMI RELIEF – What It Means for You!
Worried that the 21 Day India-wide Corona Lockdown will stress your personal or business finances? You are not alone. The RBI has announced a Big Relief Measure for those with running Loans or pay EMIs. Here’s how it can help you… What IT...Read More
IMPACT OF RBI MOVE ON STOCK MARKETS AND MUTUAL FUNDS
The Indian financial markets - banking, NBFCs, mutual funds, stock markets have been waiting with bated breath for some action by the RBI to tackle the current situation and provide relief. RBI has delivered a major stimulus today with a cut in repo...Read More
March 24-27 MPC Meet – RBI Cuts Repo Rate by as Much as 0.75% to 4.40%, Home Loan EMIs Set to Fall
The Reserve Bank of India (RBI) has cut the repo rate by as much as 75 basis points (100 basis points =1%) to 4.40% from 5.15% earlier, in a monetary policy meeting that got held on March 24-27, 2020. The move is in line with the problems caused to...Read More