Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia relief

Last Friday, the government had announced the scheme for grant of ex gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts. The lending institutions have been asked to complete the exercise of crediting the amount in the accounts of borrowers by November 5.

from Banking/Finance-Industry-Economic Times https://ift.tt/2JfaHz6