Tag Archives: SC’s order on interest waiver: PSU banks may have to take a hit

SC’s order on interest waiver: PSU banks may have to take a hit

According to news reports, public sector banks could face a bill of Rs 1,800-2,000 crore as a result of a recent Supreme Court’s decision which mentions about waiving compound interest on all loan accounts, that choose a moratorium period between March and August 2020. The ruling only applies to loans of more than Rs 2 […]