New Delhi, Oct 5 (UNI) The Supreme Court on Monday asked the Centre, Reserve Bank of India and the individuals bank to file a detailed affidavit on loan moratorium issue as it was not satisfied by their response on any possible policy formation.
As the country went into the lockdown mode to trim the spread of COVID-19, the Reserve Bank of India on March 27 allowed a moratorium for all banks for three months on payment of all installments due between March 1 and May 31.
The RBI further allowed the banks to extend the moratorium till August 31, but cautioned against the health of the bank sector.