Supreme Court docket extends mortgage reimbursement moratorium until September 28

NEW DELHI: The Supreme Court docket on Thursday prolonged mortgage reimbursement moratorium until September 28 and directed banks to not declare any mortgage as NPA (non-performing asset) due to non-payment of instalments through the interval.
The earlier mortgage moratorium deadline had ended on August 31.
The highest court docket requested the federal government to contemplate the plea for not charging curiosity on curiosity on loans throughout moratorium and never downgrading credit standing or asset classification of debtors.
It additional instructed the federal government to seek the advice of with the Reserve Financial institution of India (RBI), different lenders and are available out with a concrete determination on all points raised.

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