Central government has today informed the Supreme Court that it has filed an affidavit with reference to petitions demanding waiver of interest on the suspended EMIs during moratorium period.
The Supreme Court today slammed the Centre for not taking a stand on allowing moratorium on charging of interest on loans as well as interest on interest during the moratorium period declared during pandemic.
The RBI recently informed the apex court that a waiver on loan interest would jeopardise the banking sector. But two cases have shown that banks are biased towards the rich while the common man is left in the lurch