Sense has prevailed, moratorium is a commercial decision that banks should take: Uday Kotak

In its awaited ruling, the SC denied to interfere with the Centre's and Reserve Bank of India's (RBI) decision to not extend the loan moratorium beyond August 31, 2020. The apex court said it is a policy decision. However, it directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ri02DT