Supreme Court asks RBI to ensure banks implement its COVID-19 three-month moratorium policy in letter and spirit

The Supreme Court also sought to know from Solicitor General Tushar Mehta whether or not the benefits implemented by the RBI for the lockdown period are being extended to borrowers.
Supreme Court asks RBI to ensure banks implement its COVID-19 three-month moratorium policy in letter and spirit
Reserve Bank of India

The Supreme Court today asked the Reserve Bank of India (RBI) to ensure that it's loan moratorium policy permitting exemption from paying EMIs and other loans during the COVID-19 lockdown period is implemented by the banks.

The matter was heard today by a three judge Bench of Justices NV Ramana, Sanjay Kishan Kaul and BR Gavai.

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