SC TO CENTRE: ‘IF YOU ANNOUNCED LOAN MORATORIUM, YOU MUST ENSURE THE BENEFITS'

Highlights

• The Supreme Court clearly said that majority of borrowers have not availed the moratorium as they are aware of the fact that it won’t benefit them

• The Supreme Court directed the Centre and the RBI to review this issue as it won’t be left be...

SC TO RBI: ‘ECONOMICS IS NOT HIGHER THAN PEOPLE’S HEALTH'

Highlights

• Reserve Bank of India has extended the loan moratorium till August 31

• In its affidavit, the RBI said the interest waiver will bring in losses worth Rs 2 lakh crores for the banks

• The next date of hearing in this issue is June 12