Loan Moratorium: Banks Told to Credit 'Interest on Interest' to Borrowers, RBI Tells SC

The central government had earlier told the apex court that the lenders have been asked to credit into the accounts of eligible borrowers the difference between compound and simple interest collected on loans of up to Rs 2 crore during the RBI's loan moratorium scheme by November 5.

from Top Business News- News18.com https://ift.tt/3efVR6J

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