of India supreme court has been looking for the answer Ministry of Finance on claims of debtors for a Interest waiver during the moratorium until 31.08. As a convenience, this is the date by which borrowers can defer repayment on their loans without being labeled as delinquent. From their point of view, the offer of relaxation lacks generosity, since credit burdens are only intended to be kept in limbo, not to be excused, and the possible burdens are piling up month after month, made even worse by interest on unpaid repayments. With that in mind, it is not surprising that our Supreme Court would like to hear the Center’s views on the details of the deferral plan. earlier the Reserve Bank of India (RBI) had submitted its own statement on this matter and opposed an interest waiver. According to the regulator’s calculations, even if only 65% of the outstanding loans – a grand total – are recognised €59 trillion at the end of 2019 – if there were no interest for six months, banks would lose €2 trillion. Such a large loss, the RBI argued, would threaten the banks’ financial viability and jeopardize the interests of depositors.