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Loan Moratorium: Government agrees to waive compounded interest for loans of up to Rs 2 crore - Faceless Compliance
The central government, in an affidavit filed in the Supreme Court, has supported waiving compound interest or ‘interest on interest’ for small ticket loans up to Rs 2 crore. The relief would be available to all borrowers, the government said in the affidavit but did not specific the manner in which relief would be provided to those who may not have availed the moratorium.
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