Banks free to restructure loans, but can't penalise borrowers availing moratorium benefit, SC told - THEMARKETTRENDZ

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Wednesday, 2 September 2020

Banks free to restructure loans, but can't penalise borrowers availing moratorium benefit, SC told

A bench headed by Justice Ashok Bhushan, which commenced final hearing on a batch of pleas raising the issue of interest on instalments deferred under the scheme during the moratorium period, was told that paying interest on interest is a "double whammy" for borrowers.

from Banking/Finance-Industry-Economic Times
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