Forbearance

RECENT NEWS
The Hindu Business Line  Sep 20  Comment 
The days of regulatory forbearance vis-à-vis non-performing assets (NPAs) are over and the microfinance sector has to grow on the basis of its own strength, according to Reserve Bank of India Deputy ...
The Economic Times  Jun 15  Comment 
TRAI has recently sent a recommendation to the government regarding the deferred payment says RS Sharma, Chairman, TRAI.
The Economic Times  Apr 6  Comment 
The RBI said that the revised norms prompt correction action – which is triggered when banks show initial signs of weakness - will also include the extent to which banks leverage their balance sheet.
OilVoice  Sep 15  Comment 
Basic Energy Services Inc. NYSE BAS and certain subsidiaries today announced that the Company its secured term loan lenders and secured assetbased revolver lenders and certain of its unsecured
The Economic Times  Jun 7  Comment 
“Let me emphasize this there is no intent to go back to the days of forbearance or reverse the move towards transparent bank balance sheet,” Rajan said.




 

Forbearance is a period of time during which the borrower is permitted to temporarily cease making regular monthly payments. Interest continues to accrue during the forbearance period and any accrued interest that remains unpaid at the end of the forbearance period will be added to the principal balance. Forbearance is available to assist borrowers who are unable to make their regularly scheduled payments for such reasons as: experiencing temporary financial difficulties, being affected by a natural disaster, or participating in an internship or residency program. Under the FFEL Program, some types of forbearance are granted based on meeting eligibility requirements; others are granted at the discretion of the lender.

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