Loan moratorium is extendable up to two years under RBI's August 6 circular on COVID-19 resolution framework: Centre tells Supreme Court

"A waiver of the interest on interest during moratorium would also be against the basic canons of finance", the affidavit filed by the Centre states.
Reserve Bank of India (RBI)
Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) circulars on loan moratorium and various other measures introduced during the COVID-19 pandemic adequately address the issues concerning loan repayment and interest on loans, the Centre has informed the Supreme Court.

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