October 2020

NEW DELHI: The Center informed the Supreme Court on Monday that by November 5, credit institutions must credit the accounts of borrowers who have received loans up to Rs 2 crore the compound interest received during the moratorium period…

To provide relief to small borrowers, the Center implemented the much anticipated Compound Interest Waiver Plan. Relief will be paid to the borrower in the form of an ex gratia payment of the difference between compound interest and…

In light of the unprecedented and extreme COVID-19 situation, the government has announced major relief for individuals and MSME borrowers by waiving compound interest on specified loans for a period of six months.…

The Indian government has issued guidelines to banks for the implementation of a waiver of compound interest or interest on interest for a period of six months between March and August 2020.The Reserve Bank of India had proposed a…

Starbucks is smarter than you think.Over the years, the company has invested heavily in its mobile application. Customers have come to love the user-friendly experience. They love the personalization features. And above all, they love…

Photo by Blake Wisz on Unsplash Westpac has partnered with Afterpay to provide white label transaction and savings accounts, as well as other cash management tools. The move will give Westpac access to spending information…

Compound interest occurs when interest previously earned is added to the amount of principal invested or borrowed. It is commonly described as "interest earned on interest".…

The government's decision to forgo compound interest payments for small borrowers during the six-month moratorium period is expected to be implemented by Nov. 2, the Supreme Court said on Wednesday, according to multiple media…

The Centre's decision to fund compound interest payments for small borrowers during the six-month moratorium period will cost Rs.6,500 crore, a senior government official said on Tuesday.The Supreme Court is due to hear a series…

The Ministry of Finance informed the Supreme Court that the decision to bear the cost of compound interest for borrowers of loans up to Rs 2 crore for the six month moratorium was taken in the public interest in the specific context of the…