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According to banking sources, initially 60 per cent of borrowers availed moratorium and gradually the percentage came down to 40 per cent and even less as collection improved with ease in lockdown.
ET Banking/Finance NEWS Powered by India's public banks may have to take Rs 2,000 crore hit after SC order on interest waiver SECTIONS India's public banks may have to take Rs 2,000 crore hit after SC order on interest waiverPTI Last Updated: Apr 04, 2021, 11:12 AM IST Share Synopsis Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers including the prompt one who did not avail moratorium. ThinkStock Photos Public sector banks may have to bear a burden of Rs 1,800-2,000 ...
SC order on interest waiver: PSU banks may have to take Rs 2,000cr hit Top Searches SC order on interest waiver: PSU banks may have to take Rs 2,000cr hit PTI / Updated: Apr 4, 2021, 11:30 IST FacebookTwitterLinkedinEMail NEW DELHI: Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last yea...
PSU banks may have to take Rs 2,000 crore hit SECTIONS Last Updated: Apr 04, 2021, 11:12 AM IST Share Synopsis Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers including the prompt one who did not avail moratorium. ThinkStock Photos Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. The judgement covers loans above...
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