RBI loan moratorium scheme: Why should credit card users get benefit? Supreme Court to Centre

The Central government also told the court that banks are obligated to transfer the compound interest waiver under RBI's loan moratorium scheme to eligible borrowers even without the borrower making such demand.
RBI Reserve Bank of India
RBI Reserve Bank of India

The Supreme Court on Thursday asked the Central government why credit-card users should be entitled to the benefit of compound interest waiver under Reserve Bank of India's (RBI) loan moratorium scheme since they are not availing loans but only using the card to purchase goods.

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