Banks and non-banking financial institutions have started depositing the interest amount charged on interest on loans and credit card EMIs during the moratorium period (March to August). Customers have started receiving messages from banks and lending institutions about the credit of the difference between compound and simple interest collected on loans of up to Rs 2 crore during the six months.from IndiaTV Business: Google News Feed https://ift.tt/3mTXzxJ
Banks and non-banking financial institutions have started depositing the interest amount charged on interest on loans and credit card EMIs during the moratorium period (March to August). Customers have started receiving messages from banks and lending institutions about the credit of the difference between compound and simple interest collected on loans of up to Rs 2 crore during the six months.