Centre, NDMA can ask banks to waive loans of Wayanad landslide victims: HC

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The Kerala High Court on Thursday said that while the RBI cannot ask banks to waive the loans of Wayanad landslides victims, the Union government and the National Disaster Management Authority can do so.

The bench pointed out that the Kerala Bank had waived off the disaster victims' loans and it had an exposure of around Rs five crore.

A bench of Justices A K Jayasankaran Nambiar and Easwaran S said it will pass orders "nudging" the Centre and the NDMA to ask the banks to waive off the loans.

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Article Details

Category: BusinessFinance

Markets: India

Topics: National Disaster Management Authority Easwaran S Wayanad district Reserve Bank of India Union government State government State Disaster Management Authority Wayanad landslides Kerala High Court Kerala Kerala Bank Landslide

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 12:57:25 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27770165

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