Home Banking No extension of loan moratorium, banks can’t fully waive interest: SC

No extension of loan moratorium, banks can’t fully waive interest: SC

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(G.N.S) dt. 23 New Delhi The Supreme Court of India has said that government can’t be directed to ask banks to waive off interest on loans during the lockdown period amid Covid-19 pandemic. It also mentioned that the moratorium on EMIs (equated monthly instalments) towards repayment of loans could not be extended beyond August 31, 2020. Authoring judgment for a three-judge bench, Justice M R Shah said the SC could

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