Supreme Court Refuses To Extend Loan Moratorium Period

In response to the pleas filed by trade associations seeking relief, the Supreme Court on March 23 denied extending the loan moratorium period of six months. While proclaiming the verdict, the Apex Court raised concerns about the impact of extension it could have on depositor's cash. Moreover, the Centre stated that interest waiving in all the sector hampers the growth prospects and affects the net-worth of banks.