The external benchmarking regime is applicable only to banks, and not to housing finance companies (HFCs). Despite this, the RLLR mechanism followed by banks is likely to compel them into offering competitive rates voluntarily. If your HFC fails to do so, step one should be to negotiate with it. No lender would want to lose a creditworthy borrower, especially in times such as these, and you are likely to be offered a better deal. In case your lender does not relent, initiate the process for a balance transfer. “Such borrowers will have to transfer their home loan to a bank for availing the external benchmark regime,” says Kukreja. … [Read more...] about Switch to repo-linked home loans in COVID times, save on EMIs
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"A one-time restructuring window should be allowed till March 2021 for amending the loan repayment schedules and/or extending loan tenures or restructuring the EMIs, without affecting the asset classification, in line with the revised expectation of cash flows of our customers," FIDC said in a statement. … [Read more...] about Coronavirus pandemic | NBFCs ask RBI for one-time restructuring of all loans till March 2021
The ten central trade unions had asked the ILO DG to intervene immediately with the Indian authorities to urge necessary action for the protection of workers rights in the light of measures being taken by a number of state governments to undermine the labour legislation and international labour standards. … [Read more...] about ILO expresses deep concerns over labour law suspension, tweaking to PM Modi
“On the other hand, it is quintessential to examine the qualitative traits of the stock as well whilst pressing a buy decision button on a stock such as the business fundamentals of the company, sustainability, management of the company, Corporate Governance, dividend policy, market volatility, key personnel of the company and technical charts of a particular company,” he said. … [Read more...] about Promoters of these 8 companies reduced share pledge in Q4; what should investors do?
The number of COVID-19 positive cases crossed 56,000 on May 8, with nearly 1,900 deaths across the country. Maharashtra, with nearly 19,000 COVID-19 cases, continues to report the highest number of infections, followed by Gujarat (7,012) and Delhi (5,980). … [Read more...] about Coronavirus wrap May 8: IndiGo announces pay cuts again; unemployment in the US hits 14.7 percent