Supreme Court order on interest waiver: PSU Banks may have to take Rs 2,000 crore hit
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 […]
Modi government to Supreme Court: Rs 5,270 crore credited in interest waiver plan under moratorium
NEW DELHI: Solicitor General Tushar Mehta on Thursday informed the Supreme Court that Rs 5270 crore has been credited to 13.12 crore accounts in the interest waiver plan so far. The Narendra Modi government (Centre) has subsidized compound interest for a 6-month moratorium for all loans up to Rs 2 crore. Mehta submitted before a […]