Supreme Court asks Centre to clarify stand on interest waiver during moratorium

The top court observed that it appears the Centre is hiding behind the Reserve Bank of India's decision on this issue, especially when it has ample powers under Disaster Management Act, where it can take a decision by stopping the banks from charging interest on deferred EMIs and waive interest on interest for a moratorium period.

from Personal Finance News-Wealth-Economic Times https://ift.tt/32t1Boe