Sunday, March 28, 2021

Government not inclined to bear loan moratorium costs

The government has already compensated banks for the interest on interest they had lost on loans outstanding below Rs 2 crore. Analysts estimate the additional cost to reimburse banks for all loans at Rs 7,000-10,000 crore.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/government-not-inclined-to-bear-loan-moratorium-costs/articleshow/81739399.cms

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