News > SC issues notice to Centre, RBI on plea against interest during moratorium

SC issues notice to Centre, RBI on plea against interest during moratorium

The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has now been extended by another three months till 31 August due to the coronavirus pandemic. The counsel argued that borrowers should not be penalised like this and banks should not add interest on the loan amount during the moratorium period.