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online payday loan We’re ready to work with both municipalities and industry to solve this issue, so municipalities collect unpaid taxes and oil and gas companies can contribute in a fair and sustainable manner.”Share this article in your social network Comments Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful.online payday loan

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payday advance NEW DELHI: Non performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12 18 months, S Global Ratings said on Tuesday. It said forbearance is “masking” problem assets for Indian banks arising from Covid 19 and the financial institutions will likely have trouble maintaining momentum after the proportion of Non performing loans (NPL) to total loans declined consistently so far this year. “While financial institutions performed better than we expected in the second quarter, much of this is due to the six month loan moratorium, as well as a Supreme Court ruling barring banks from classifying any borrower as a non performing asset,” S Global Ratings credit analyst Deepali Seth Chhabria said.payday advance

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payday loans for bad credit NEW DELHI: The Centre informed the Supreme Court on Tuesday that if it were to consider waiving interest on all the loans and advances to all categories of borrowers for the six month moratorium period announced by RBI (Reserve Bank of India) in view of Covid 19 pandemic, then the amount foregone would be more than Rs 6 lakh crore. If the banks were to bear this burden, then it would necessarily wipe out a substantial and a major part of their net worth, rendering most of the lenders unviable and raising a very serious question mark over their very survival, it said. A bench of Justices Ashok Bhushan, R S Reddy and M R Shah was informed by Solicitor General Tushar Mehta, appearing for the Centre, that this was one of the main reasons why waiver of interest was not even contemplated and only payment of instalments was deferred.payday loans for bad credit

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