The Supreme Court of India (File Photo/IANS)

SC restrains banks from charging interest-on-interest on borrower during moratorium

New Delhi | The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers. A bench comprising Justices D. Y. Chandrachud, M. R. Shah and Sanjiv Khanna pronounced the verdict. The top […]