Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the RBI in June to ease the burden on existing borrowers in wake of coronavirus pandemic related restrictions. The Centre argued that waiving off loans will weaken the banking sector.
Another Chief on the road to redemption will be former 49ers quarterback Alex Smith. Under Jim Harbaugh, he was 19 5 1 as a starter with a 104.1 passer rating last season and was benched. Forget the road to redemption, this fella drove all the way from San Francisco to Kansas City with road rage.
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