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Charging interest during moratorium is serious issue: Supreme Court

The Supreme Court on Thursday while hearing the issue of charging interest on loans during the moratorium period, has asked the Ministry of Finance for its response on whether the interest could be waived or should it continue during the moratorium period. The Apex Court has sought finance ministry’s reply on interest on loans during the moratorium period after the RBI said it would not be prudent to go for a “forced waiver of interest” risking the financial viability of the banks.

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