Relief on loans up to ₹2 crore addresses borrowers’ distress, RBI tells Supreme Court
Complete waiver of compound interest will destabilise broader financial stability, says central bank The Reserve Bank of India (RBI) has told the Supreme Court that the Centre’s resolve to shoulder the cost of ‘interest on interest’ for MSME loans and personal loans up to ₹2 crore addresses pandemic-induced financial distress …
Read moreRelief on loans up to ₹2 crore addresses borrowers’ distress, RBI tells Supreme Court