Mumbai | Kolkata: The executive committee of the State Bank of India (SBI) board has finally approved extending the central bank moratorium to shadow lenders, which will have to individually apply to avail the benefit. Those eligible for the benefit will have to show a cash shortage to prove that […]

Kolkata: Punjab National Bank is one of the first lenders to blink in extending moratorium to non-banking finance companies (NBFC) after Reserve Bank of India cleared doubts over the issue on Saturday. The second largest state-owned lender has communicated to its NBFCs clients about the same this week. “We have […]

The banking industry is split in the middle in offering moratorium on payments to the Non – Banking Finance Companies with one group extending the regulator blessed facility, while the other dragging its feet on whether to do so or not, said industry participants. Some private and foreign banks have […]