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Should Interest on Interest during Moratorium be Waived?

SC defers consideration of waiver of interest on interest for EMIs during the six-month moratorium on loan repayment till August 2020 first week.

Banks said that by that time they will know the burden of moratorium by then.

If the decision is favour of banks that interest on interest is allowed means that the banking sector will rally and if against them, then we can see a fall in the banking stocks.

We personally feel that the interest of the banks should be looked after as they are equally feeling the heat and still servicing the clients without even an iota of dereliction in their duties and responsibilities.

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