Waiving Compound Interest: Finding The Good In A Bad Idea
A myna bird holds a plastic string in its beak in the backdrop of scavengers picking up reusable material from a pile of garbage on the eve of World Environment Day, in Amritsar. (Source: PTI)

Waiving Compound Interest: Finding The Good In A Bad Idea

BloombergQuintOpinion
It is now near certain, that we will see a new class of waivers introduced into the Indian banking lexicon. The compound interest or ‘interest-on-interest’ waiver.On Monday morning, the Supreme Cou...
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