Clarify Stand On Waiving Interest During Moratorium, Top Court Tells Finance Ministry

The Supreme Court asked the Finance Ministry to clarify its stand on whether interest could be waived and interest on interest could be charged for the moratorium period, while hearing the petition on waiver of interest on loan repayment during moratorium. Justice Ashok Bhushan sought the clarification in response to the Reserve Bank's argument that an interest waiver would jeopardise the banks' financial health. The top court has gi...