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Interest waiver will impact financial viability of banks: RBI to SC

The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver

Topics
Reserve Bank of India RBI | Supreme Court | Indian Banks

Arup Roychoudhury  |  New Delhi 



RBI
The affidavit was in reply to a plea challenging levy of interest on loans during the moratorium period.

The Reserve Bank of India, on Wednesday, told the that a waiver of interest on loans will impact the financial viability of the country’s banks and will be harmful for the interests of depositors and the .

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First Published: Wed, June 03 2020. 23:37 IST

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