India, Aug. 29 -- The Supreme Court is scheduled to hear the matter on 1 September.

NEW DELHI: Pressure is mounting on the Centre and the Reserve Bank of India (RBI) to extend loan moratorium for a few more months, even as the Supreme Court, which is hearing a petition in this regard, is scheduled to hear the matter on 1 September. The moratorium is ending on 31 August.

This is to be noted that in March, the RBI had allowed a three-month moratorium on payment of all term loans due between 1 March 2020 and 31 May 2020, which in May was extended by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the Covid-19 pandemic. The Federation of Hotel and Restaurant Association of India ...