Banks relieved as govt will foot bill for interest waiver - THEMARKETTRENDZ

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Sunday, 4 October 2020

Banks relieved as govt will foot bill for interest waiver

The government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty over bank earnings for the quarter, giving them room to offer liberal loan-rejig terms to stressed borrowers.

from Banking/Finance-Industry-Economic Times
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