You are here: Home » Economy & Policy ¬Ľ News
Trai urges RBI to direct banks to comply with norms on bulk messages
icon-arrow-left
Rupee falls 10 paise to Rs 72.53 against US dollar in early trade
Business Standard

SC lifts NPA standstill, rejects moratorium extension and interest waiver

No interest on interest on moratorium loans

Topics
Supreme Court | Loan repayment | Indian Banks

Anup Roy Subrata Panda Nikunj Roy Subrata Panda Nikunj Ohri  |  Mumbai/New Delhi 



loan moratorium, debt, banks
Banks can also finally start declaring their bad loans (loans which have not been repaid for 90 days or more), with the court vacating the interim relief granted earlier not to declare the accounts of borrowers as NPA

The on Tuesday ruled that banks cannot charge interest on interest for accounts that sought moratorium relief during the pandemic period last year and the amount so collected must be refunded in the next instalment of the loan account.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, March 24 2021. 01:49 IST

RECOMMENDED FOR YOU

.