SC extends loan moratorium till Sept 28

The Supreme Court on Thursday virtually extended loan repayment moratorium till Sept 28 as it continued the interim order directing banks not to declare any loan as NPA due to non-payment of instalments during the period. The previous deadline of the scheme, implemented to help borrowers, had ended on Aug 31. Borrowers were permitted to defer repayments for six months.

SC extends loan moratorium till Sept 28
The Supreme Court on Thursday virtually extended loan repayment moratorium till Sept 28 as it continued the interim order directing banks not to declare any loan as NPA due to non-payment of instalments during the period. The previous deadline of the scheme, implemented to help borrowers, had ended on Aug 31. Borrowers were permitted to defer repayments for six months.