Government For Waiving ‘Interest On Interest’ On Loans Up To Rs 2 Crore During Moratorium Period
A customer withdraws a stack of rupee notes at a bank branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Government For Waiving ‘Interest On Interest’ On Loans Up To Rs 2 Crore During Moratorium Period

The central government, in an affidavit filed in the Supreme Court, has supported waiving compound interest or ‘interest on interest’ for small ticket loans up to Rs 2 crore. The relief would be av...
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.