Friday, May 15, 2026

"compound-interest-waiver"

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks' financial health.
IBA reaches out to govt for refund of compound interest waiver by banks

The RBI on March 27 last year announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic.