Supreme Court Ordered No NPA till further orders
About Moratorium granted by RBI
In the wake of the coronavirus pandemic, RBI had announced a moratorium on repayment of debt beginning March 1, 2020, to help tide over the financial problems for disruption in normal business activities till 31st May 2020 which was extended for till 31st August 2020.
As per the RBI circular, interest would continue to accrue on the outstanding portion of the term loans during the moratorium period. This means a borrower will have to bear the burden of additional interest if he/she chose to avail the benefit.