Government sets up committee to study calls for giving interest relief on bank loans; Head- Rajiv Mehrishi

Government sets up committee to study calls for giving interest relief on bank loans; Head- Rajiv Mehrishi

Government sets up committee to study calls for giving interest relief on bank loans; Head- Rajiv Mehrishi

  • Central Government has formed a three-member committee to examine calls for relief on interest banks are charging on loan instalments deferred during the moratorium period due to COVID-19. 
  • Rajiv Mehrishi is the chairperson of the committee. He is a former Comptroller and Auditor General. The other two members are: Ravindra H Dholakia, a former professor at IIM Ahmedabad and B Sriram, a former managing director at State Bank of India and IDBI Bank.
  • The committee will measure the impact on the economy on the ‘waiving of interest and waiving of interest’.

Points to remember:

  1. Who is the chairperson of the committee formed by govt to study calls for giving interest relief on bank loans?- Rajiv Mehrishi

Source: Business Standard

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