Cabinet sanctions Rs 973 cr to SBI for ex-gratia payment to borrowers

Briefing media on the Cabinet decision, Information and Broadcasting Minister Anurag Singh Thakur said the Budget had made provision of Rs 5,500 crore for the scheme of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts.

from Banking/Finance-Industry-Economic Times https://ift.tt/32dTJuJ