Abros Incorporation

EID MUBARAK....

!!! नवरात्रि के पावन पर्व की बहुत-बहुत बधाई। जगत जननी मां जगदंबा आप सभी के जीवन में सुख, शांति और समृद्धि का संचार करें। जय माता दी! !!!

The Supreme Court on Thursday virtually extended the loan moratorium period till September 28, granting relief to borrowers, by extending the interim order asking banks not to declare as NPAs accounts that are unable to make repayments.

"Accounts not declared NPA as on August 31 shall not be declared NPA till further orders,” the apex court bench led by Justice Ashok Bhushan had declared in its interim order last week.

The Centre said an expert panel has been set up to look into the issue of interest being charged by banks on instalments deferred during the moratorium period due to the COVID-19 pandemic.

The top court granted two weeks to the Centre and Reserve Bank of India (RBI) to file the affidavit and place before it the decisions taken in this regard.