Cases where borrowers are severely, genuinely hit and have no cash to repay can be given an interest waiver while those who can afford to pay can do so. As we have seen during the Covid-19 crisis, the RBI is the best judge to decide the apt response to solve this puzzle.Interest waiver on moratorium loans: Waiver or not, someone is bound to get hurt
Cases where borrowers are severely, genuinely hit and have no cash to repay can be given an interest waiver while those who can afford to pay can do so. As we have seen during the Covid-19 crisis, the RBI is the best judge to decide the apt response to solve this puzzle.
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