April 11, 2021

24X7 News Guru

The Real Time News

Put in place policy to refund ‘interest on interest’ charged during moratorium: RBI

The RBI on Wednesday asked banks and NBFCs to immediately put in place a board-approved policy to refund/adjust the 'interest on interest' charged to the borrowers during the six-month moratorium, in conformity with the Supreme Court judgement last month....

The RBI on Wednesday asked banks and NBFCs to immediately put in place a board-approved policy to refund/adjust the ‘interest on interest’ charged to the borrowers during the six-month moratorium, in conformity with the Supreme Court judgement last month.

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