Tag Archives: compound interest

SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

New Delhi: The Supreme Court on Monday demanded to know if the government had taken any follow-up action by way of issuing any notifications to give effect to its recent offer to waive interest on interest on loans up to … Continue reading

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India’s public banks may have to take Rs 2,000 crore hit after SC order on interest waiver

Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. … Continue reading

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