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RBI asks banks to put in place policy to refund 'interest on interest'
RBI asks banks to put in place policy to refund 'interest on interest'

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Mumbai, April 7 (IANS) The Reserve Bank of India (RBI) has directed all banks and NBFCs to immediately put in place a board-approved policy to refund or adjust the 'interest on interest' charged to borrowers during the moratorium period of March 1 to August 31, 2020.

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Update: 07-April-2021

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