Tag Archives: Bank loan

Written by Sunny Verma, George Mathew, edited by Explained Desk | Updated: October 24, 2020 7:12:02 pm According to the latest guidelines issued by the Ministry of Finance to banks, the difference between compound interest and simple interest will be provided for a period of six months to all borrowers …

Finance Minister Nirmala Sitharaman on Thursday told banks to set up loan restructuring schemes by September 15 to rescue all viable business units affected by the Covid-19 pandemic. She was holding a review meeting with the heads of scheduled commercial banks and non-bank finance companies (NBFCs) via video conference. Top …