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United Forum of Bank Unions has been demanding for a long time to implement a 5-day week in banks. They say banks should work only five days a week. ....
PSBs may have to bear burden of Rs 2,000 cr following SC judgement on interest waiver The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 PTI | April 4, 2021 | Updated 15:14 IST The Supreme Court last month directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. ....