Loan moratorium: Lenders want compensation for interest loss

Mumbai: The Indian Banks’ Association (IBA) has requested the government to compensate lenders for their income loss because of last week’s Supreme Court order, which prevented them from levying compound interest on loans for the moratorium period, two people with knowledge of the matter said. The request was made in a letter sent to the finance ministry on Saturday, they said. The government has already reimbursed banks for forgoing compound