Wednesday, March 24, 2021

SC verdict on compound interest/penalty refund not to impact banks as govt to reimburse: Yes Securities

On its verdict on a batch of pleas seeking moratorium extension beyond August 31, 2020, the apex court on Tuesday said it is a policy decision, refusing to interfere with the Centre's and RBI's decision to not extend the loan moratorium beyond the limit.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/sc-verdict-on-compound-interest/penalty-refund-not-to-impact-banks-as-govt-to-reimburse-yes-securities/articleshow/81674361.cms

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