Live Breaking News & Updates on Psb Loan Moratorium Supreme Court News

PSBs may have to bear burden of Rs 2,000 cr following SC judgement on interest waiver
The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21
PTI | April 4, 2021 | Updated 15:14 IST
The Supreme Court last month directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period
Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. ....

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