Centre to waive off certain interest for loans up to Rs 2 crore in COVID-19 relief
The Centre said it is impossible for the banks to bear the burden resulting from waiver of compound interest without passing on the financial impact to the depositors or affecting their net worth adversely, which would not be in larger public interest.
RBI asks banks to display loan interest rates on websites
To bring in transparency, the Reserve Bank on Thursday asked banks to display loan interest rates and processing fees on their websites from April 1.
Jan 22, 2015, 21:53 PM IST
