Agriculture Market Voice

Groundnut crop failure Cooperative bank lending woes affects 30000 acres Kuruvai cultivation laments farmers

What irks Ranipet district farmers now is that they are now hard up for cash to raise Kuruvai paddy.   “When we approached Primary Agricultural Cooperative Banks (PACBs) we are told to come again and this repeated excuse resulted in loans being delayed or not being given at all,” farmers in district laments   According Read More…

Business Companies Industries Market

RBI extends loan moratorium but restructuring now runs in to dilemma

Allowing borrowers more time to repay loans, the Reserve Bank of India (RBI) on Friday extended the moratorium on EMI payments by another three months, till August-end, taking the total moratorium period to six months. In addition the central bank has increased group exposure limits of lenders from 25% to 30% and RBI  also extended Read More…

Business Companies Industries Market Opinion

RBI three month moratorium a mirage complains borrowers

COVID-19 outbreak, BJP Modi government late reaction leads to Sudden 21 days lockdown on march 24th declaration that caused panic amongst Indians.   Following this Reserve Bank of India has permitted banks to allow a moratorium of three months on the payment of instalments for all term loans outstanding as on March 1, 2020.   Read More…