SC on Loan Moratorium: A Supreme Court bench comprising of three judges said judicial review is not possible on economic policy matters. The Supreme Court has pronounced its judgment on a batch of pleas related to the six-month loan moratorium period, stating that it cannot allow waiver of complete interest and extension of the moratorium. […]
SBI Agrees To Extend Moratorium To NBFCs
India’s largest lender State Bank of India will allow non-banking financial companies to avail the benefits of a three-month repayment moratorium permitted by the Reserve Bank of India, a senior bank official told BloombergQuint on condition of anonymity. On March 27, RBI had allowed banks to offer the moratorium to term loan borrowers, among others. […]
