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Moratorium case: RBI states waiver of interest would risk financial stability of the banks

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NEW DELHI : The Reserve Bank of India (RBI) while filing counter affidavit in the Supreme Court on Wednesday stated that the plea for waiver of interest during the moratorium period would risk the financial stability of the bank and shall put the interests of the depositors in jeopardy.

The RBI had on 22 May extended moratorium on term loans till 31 August. In March, the central bank had allowed a three-month moratorium on payment of all term loans due between 1 March and 31 May.

The RBI submitted in their reply that the RBI circulars objective was of mitigating the burden of debt servicing brought about by disruptions on account of Covid-19 pandemic and to ensure the continuity of viable businesses. “Therefore, the regulatory package is,

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United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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