NEW DELHI: The Center said Tuesday The Supreme Court that waiver of interest during the moratorium period because not all borrowers would be in the broader national economic interest, as it would not be viable and could lead to the collapse of the entire banking system. Attorney General Tushar Mehta …
Read More »Waiver of Interest for All May Lead to Rs 6 Crore Loss, Center Tells Supreme Court
NEW DELHI: The Center said Tuesday The Supreme Court that waiver of interest during the moratorium period because not all borrowers would be in the broader national economic interest, as it would not be viable and could lead to the collapse of the entire banking system. Attorney General Tushar Mehta …
Read More »Interest exemption for all may lead to loss of Rs 6 crore lakh, Center tells Supreme Court India News
NEW DELHI: The Center said Tuesday The Supreme Court that waiver of interest during the moratorium period because not all borrowers would be in the broader national economic interest, as it would not be viable and could lead to the collapse of the entire banking system. Attorney General Tushar Mehta …
Read More »The center issues guidelines for the exemption of interest on loans up to ₹ 2 crore
As an important Diwali gift to borrowers, the Ministry of Finance has approved guidelines for an ex gratia repayment plan of the difference between compound and simple interest for six months of loans up to ₹2 crore. The guidelines emerged after the Supreme Court ordered the Center to implement “as …
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