Live
- Violent Attack Over Land Dispute in Nalgonda District; One Critical
- CM A. Revanth Reddy Requests Railway Minister for Kazipet Coach Factory
- 'Check how many times I’ve been caught at gully': Labuschagne hits back at Warner
- Udupi Z P gets Top National Award
- Siva Aditya Kancherla: A Visionary in Blockchain Innovation
- Anant National University Hosts the 6th Convocation with Mrs Sudha Murty as Chief Guest
- Honda Motorcycle and Scooter India conducts Road Safety Awareness Campaign in Siddipet, Telangana
- Natural Moisturisers You Can Find in Your Kitchen for Dry Skin in Winters
- National Energy Conservation Day 2024: Importance, Date, and Ways to Save Energy
- In 2024, 353 girls enrolled in 33 erstwhile pattern Sainik Schools
Supreme Court asks RBI to clarify on loan interest
The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Union Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks
New Delhi: The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Union Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks.
A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and MR Shah queried Mehta as the court was concerned since the Centre has deferred loan for three months.
"Then how can interest of these 3 months be added?" the apex bench asked. Mehta replied: "I need to sit down with the RBI officials and have a meeting."
SBI`s counsel, senior advocate Mukul Rohatgi, intervened during the proceedings and said: "All banks are of the view that interest cannot be waived for a six-month EMI moratorium period".
