This Thursday (14 Jan 2021) to the supreme court, RBI urged to lift its interim order. The order states that the accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders. This was said as it is “facing difficulty” due to the directive.
Due to the pandemic (COVID-19), people as stressed borrowers who were facing hardship were in relief. This interim order was passed on September 3rd, 2020 by the apex court.
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