Tag: Bank interest

Decision in 2-3 days over interest on deferred instalments by banks, Modi government tells Supreme Court

NEW DELHI: The government of India (Centre) informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were deferred during the moratorium period in view of the COVID-19 pandemic. The top court asked the Centre to bring the decision on record and […]

Future Retail repays $14 million interest to investors, averts default

NEW DELHI: Kishore Biyani-led Future Retail has averted a default as it repaid around $14 million (around Rs 100 crore) interest on foreign bonds to investors. The 30 day grace period for repaying the interest on ‘5.60 per cent Senior Secured Notes due 2025’ was to end on Monday. “Today, we are pleased to inform […]

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