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compound interest

IL Feature

Loan moratorium: A balanc...

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In a verdict that balances business and consumer interests, the Court ruled that there would be a waiver of compound interest on loans from March 1 to August 31, 2020 due to Covid-19.
Courts

Centre tells Supreme Cour...

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The Central Government has filed a detailed affidavit before the Supreme Court in connection with the loan moratorium case, stating that the difference between compound interest and simple interest will be deposited in the account of borrowers by November 5.

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