Although the Supreme Court (SC) has rejected petitions for a complete waiver of interest and extension of moratorium until the end of FY21, banks may have to refund or adjust the interest charged on a compounded basis and move to simple interest calculations between March and August 2020.source https://economictimes.indiatimes.com/industry/banking/finance/banking/bankers-welcome-sc-order-but-brace-for-hit-on-reversal-of-interest/articleshow/81654766.cms
No comments:
Post a Comment