SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

The Centre on Friday filed an affidavit before the Supreme Court on loan moratorium issue and said it has decided to waive compound interest (interest on interest) for a moratorium period of six months for Ministry of Micro, Small and Medium Enterprises (MSME) and personal loans up to Rs 2 crores.

from Banking/Finance-Industry-Economic Times https://ift.tt/33we6kU