Can't extend loan moratorium period, may affect credit creation in economy: RBI to Supreme Court
RBI filed the fresh affidavit in loan moratorium case in SC on Friday after the top court rejected its earlier response claiming that it lacked ''necessary details''.
Oct 10, 2020, 10:42 AM IST
Centre to waive off certain interest for loans up to Rs 2 crore in COVID-19 relief
The Centre said it is impossible for the banks to bear the burden resulting from waiver of compound interest without passing on the financial impact to the depositors or affecting their net worth adversely, which would not be in larger public interest.
