Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including Housing Finance Companies)
Reserve Bank of India

Supreme Court orders that there will be complete exemption on interest in loan moratorium case

The Supreme Court ruled on Tuesday that the interest exemption on interest (compound interest) in respect of EMIs not paid by borrowers after availing the loan moratorium scheme extended by the Reserve Bank of India (RBI) from March 1 to August 31 Will be. In view of the COVID-19 epidemic (Small Scale Industrial Manufacturers Association vs. Union of India).

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About Surbhi Saxena edits the daily Current Affairs News. The author is qualified member of The Institute of Company Secretaries of India (ICSI).