Best of BS Opinion: Loan moratorium case, AT1 bonds may lose sheen & more

Here's a selection of Business Standard opinion pieces for the day

The Supreme Court’s refusal to extend the loan moratorium period and a total waiver of interest payments is a big relief for both the banking system and the government. An interest waiver on this scale would have significantly impaired the banking system, with wider macroeconomic consequences. Also, the decision to lift the stay granted on classification of non-performing assets will lead to an increase in the level of bad loans to some extent, but it ends the prolonged uncertainty on the issue. In this context, bankers have argued that