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:
- 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