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Moratorium Loan Interest Cashback Explained In 12 Points
This week, the Finance Ministry notified "scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)." In simple words, these are guidelines released by the ...
Moratorium Loan Interest Cashback Explained In 12 Points
Loan Restructuring Will Affect Your Credit Score
To address the economic fallout triggered by COVID-19, the Reserve Bank of India (RBI) came up with a framework for banks and financial institutions to provide resolution plans to their customers facing financial stress. Accordingly, banks and NBFCs (non-banking financial institutions) ...
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