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Tuesday 27 October 2020

November 5 cutoff for banks to credit compound interest collected

The Centre on Monday informed the Supreme Court that by November 5 lending institutions must credit into the accounts of borrowers who had availed loans up to Rs 2 crore the compound interest collected during the six-month loan repayment moratorium period and then claim reimbursement from the Union government.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mofjBd

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