Don't declare bank accounts NPA: Supreme Court

Sep 04, 2020, 08:11AM ISTSource: Mirror Now

In a major relief to borrowers, the Supreme Court asked banks not to declare any loan account as non-performing asset (NPA) till it passed further orders. The apex court was hearing petitions questioning levying of interest on loans during the six-month repayment freeze that ended on August 31. “In view of the above, the accounts which were not declared NPA till August 31 shall not be declared NPA till further orders,” the bench said.

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