Despite RBI’s Instructions, Moratorium Extension Hits Credit Score of Borrowers

Extension Hits Credit Score of Borrowers

Despite RBI’s Instructions, Moratorium Extension Hits Credit Score of Borrowers This is what happened when borrowers availed of a moratorium on loans during COVID-19. Borrowers across the country are complaining that their credit score took a hit after availing moratorium on loans during COVID-19. The official statement is yet to be released. Here is what … Read more

COVID-19 Aatma Nirbhar Bharat Abhiyan Package for MSME Sector

Aatma Nirbhar Bharat Abhiyan Package for MSME Sector

Rs 1.6 lakh crore MSME loans sanctioned so far under Aatmanirbhar Bharat Abhiyan package. The 12 public sector banks, 24 private sector banks and 31 non-banking financial companies (NBFCs) have sanctioned loans of Rs 1.61 lakh crore (disbursements of Rs 1.14 lakh crore up to Sept. 3) to the MSME sector under the Rs 3 lakh … Read more

The Corona Effect -How COVID-19 has Affected Salary Hikes and Increments this Year

Covid Crisis Effect on Salary Hike

A new savings bank account for millennials, Axis Bank Liberty Savings Account. Deloitte Touche Tohmatsu India conducted the 2020 Workforce and Increment Trends survey in which 350 organisations across 7 sectors and 25 sub-sectors participated. Here are the key findings of the survey: Only 9% of the companies gave their teams a salary increment of … Read more

Should You Use COVID Loans? 5 Things You Should Know Before Applying for a COVID-19 Loan

covid loan scheme in India

COVID-19 Loan for Personal Use Special personal loan schemes offered by banks during the COVID-19 crisis. Governments all over the world are struggling with the finding the right strategies to deal with the COVID-19 pandemic. Initially, a complete or partial lockdown seemed to be the right option to curb the infections from spreading but it … Read more