Interest Waiver During Loan Moratorium Will Affect Banks' Stability, RBI Tells Supreme Court

There cannot be an interest waiver during moratorium on term loan repayment as such a move will put the financial health and stability of banks at risk, the Reserve Bank of India (RBI) told the Supreme Court on Wednesday. It is not "prudent or appropriate to go for a forced waiver of interest, risking the financial viability of the banks in its mandate to regulate, and putting the interests of depositors in jeopardy," RBI said in its...