On Tuesday, the Supreme Court adjourned to November 18 the hearing on a batch of allegations related to the collection of interest on interest by banks on EMIs that were not paid by borrowers who availed themselves of the moratorium scheme of RBI loans in light of the COVID-19 pandemic. …
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NEW DELHI: The Supreme Court said Wednesday that the center should implement “as soon as possible” interest exemption on loans of up to Rs 2 crore under the Reserve Bank of India (RBI) moratorium scheme in view of the Covid-19 pandemic, saying that the common man’s Diwali is in the …
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The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis, as the high court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks “to come up with something concrete” …
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