MUMBAI: India’s biggest banks face reduced uncertainty on their profit outlook after a top court’s decision forced lenders to resume classifying and disclosing bad debt.
The Supreme Court ruled that banks won’t be able to charge borrowers for additional interest on loans incurred during a six-month repayment holiday last year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!