RBI: Can't force banks to waive loans of landslide victims
The RBI has stated that it cannot direct banks to forgive loans of those impacted by the Wayanad landslides. However, they have suggested alternatives like loan moratoriums or restructuring. This follows the central government's refusal to classify the Wayanad tragedy as a national disaster, despite appeals from Kerala.
The RBI has stated that it cannot direct banks to forgive loans of those impacted by the Wayanad landslides. However, they have suggested alternatives like loan moratoriums or restructuring. This follows the central government's refusal to classify the Wayanad tragedy as a national disaster, despite appeals from Kerala.
