Monday, October 26, 2020

November 5 cutoff for banks to credit compound interest collected

The SC had asked the government to explain the mechanism to implement its decision to waive interest on interest for the six-month moratorium period for those who had borrowed up to Rs 2 crore, including MSMEs.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/november-5-cutoff-for-banks-to-credit-compound-interest-collected/articleshow/78885044.cms

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