Waiving Interest During Moratorium Unfair To Those Who Repaid Loans: Centre To Supreme Court | Read

PUBLISHED ON: September 2, 2020 | Duration: 1 min, 37 sec

  
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Waiving interest on interest during the loan moratorium period will be against “the basic canons of finance” and unfair to those who repaid loans as per schedule, the government told the Supreme Court on Tuesday. This came a day after the government's deadline for temporary relief on loan repayments ended. The top court had asked the Centre and Reserve Bank of India (RBI) to review the move to charge interest during the moratorium period.
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