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    <title>PRESS RELEAS OF FM –RELIEF AND RELAXATION IN FINANCIAL SERVICES IN VIEW OF COVID 19 – more relief is desirable for deferment of EMI of housing and other loans.</title>
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    <description>Calls for temporary relief permitting short-term deferment of periodic loan instalments on housing, vehicle and other personal loans without interest waiver but with continued interest accrual to ease borrower cashflow, preserve bank asset quality and avoid outright losses; complementary measures include waiving interbank ATM charges, suspending minimum balance penalties using annualised balance calculation, reducing digital transaction fees, and operationalising relief through regulatory advisories with cost-sharing arrangements for banks and merchants.</description>
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    <pubDate>Fri, 27 Mar 2020 09:45:03 +0530</pubDate>
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      <description>Calls for temporary relief permitting short-term deferment of periodic loan instalments on housing, vehicle and other personal loans without interest waiver but with continued interest accrual to ease borrower cashflow, preserve bank asset quality and avoid outright losses; complementary measures include waiving interbank ATM charges, suspending minimum balance penalties using annualised balance calculation, reducing digital transaction fees, and operationalising relief through regulatory advisories with cost-sharing arrangements for banks and merchants.</description>
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