Legal Question in Banking Law in India
Can banks capitalize monthly installment (emi) and monthly interest both amounts for overdue interest( penal interest) calculations for term loan NPA accounts?
Asked on 4/27/11, 2:26 am
1 Answer from Attorneys
Vivek Mapara
Vivek N. Mapara
Yes if the term loan specify bank can capitalize such interest.
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Vivek N Mapara
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Answered on 4/27/11, 9:56 am
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