RBI EMI moratorium: SC seeks finance ministry's reply on waiver of interest on loans

The Supreme Court Thursday sought finance ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a “forced waiver of interest” risking financial viability of the banks. The top court said there are two aspects under consideration in this matter — no interest payment on loans during the moratorium period and no interest to be charged on interest.