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RBI cautions SC of Rs 2 trillion blow to banks if interest during moratorium waived

Updated : June 04, 2020 06:45 AM IST

In its reply to the SC, RBI has estimated that a "forced" waiver of interest will hurt banks, by as much as Rs 2 lakh crores (1% of GDP), which will have "huge consequences" for stability of the entire financial system.

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