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Tuesday, June 22, 2021

Match moratorium interest rate with deposit’s for the period of freeze: Industry

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Appearing for the real estate sector, senior advocate C A Sundaram told a bench of Justices Ashok Bhushan, R S Reddy and M R Shah, “Even if the interest is not waived, then it must be reduced to the rate at which banks are paying interest on deposits. The industry is in dire straits and loans taken by it would soon turn into NPAs (nonperforming assets).”

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