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Daily Archives: October 24, 2020

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Govt asks banks to credit back the compound interest on loans before 5 November

Loans and advancesBy Surendra NaikOctober 24, 2020Leave a comment

On Friday (October 23, 2020), the finance ministry announced the details of the implementation of the waiver of ‘interest on interest’ on loans of up to Rs 2 crore for the six-month moratorium that was rolled out to mitigate the hardship of borrowers hit by the coronavirus pandemic. The Government also announced that those who…

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