Compound statement

South Sudan; statement following an attack on IRC personnel

Juba, South Sudan, April 28, 2021 – The International Rescue Committee (IRC) is deeply distressed following an attack on its staff at the IRC compound in Jamjang County, Ruweng Administrative Zone, on April 24, where until 20 young people entered the perimeter and physically assaulted IRC personnel, causing multiple injuries. A senior medical staff member […]

Compound interest

Business News | Stock market and stock market news | Financial news

Search for quotes, news, net asset values ​​of mutual funds Go fashionable INE0BJS01011, GOCOLORS, 543401 IEX INE022Q01020, IEX, 540750 Addiction INE002A01018, RELIANCE, 500325 ICICI Bank INE090A01021, ICICIBANK, 532174 IRCTC INE335Y01020, IRCTC, 542830 Search for quotes, news, net asset values ​​of mutual funds Go fashionable INE0BJS01011, GOCOLORS, 543401 IEX INE022Q01020, IEX, 540750 Addiction INE002A01018, RELIANCE, 500325 […]

Compound interest

HDFC bank sets aside 500 crore for compound interest waiver

MUMBAI : India’s largest private lender HDFC Bank announced on Saturday it had set aside ??500 crore as provisions to cover the compound interest repayment ordered by the Supreme Court to all borrowers during the period March-August. Srinivasan Vaidyanathan, the bank’s chief financial officer, told analysts that although the Association of Indian Banks (IBA) is […]

Compound interest

Compound Interest: “The Eighth Wonder of the World” | Business

Albert Einstein once described compound interest as the “eighth wonder of the world”, saying: “he who understands it, wins it; the one who does not, pays it.“ Compound interest is when the interest that one earns on a principal balance is reinvested and generates additional interest. This concept helps accelerate the growth of money like […]

Compound interest

Moratorium: RBI orders lenders to repay compound interest to borrowers

interest accrued during the moratorium period.” width=”620″ height=”413″/>The Supreme Court rejected on March 23 the distinction previously made by the government between small and large borrowers in the repayment of compound interest accrued during the moratorium period. The Reserve Bank of India (RBI) on Wednesday clarified who should bear the cost of the court-imposed compound […]

Compound interest

Banks will have to reimburse the compound interest of Rs 4,500 cr to borrowers

Banks will be required to reimburse borrowers around Rs 4,500 crore for compound interest charged on loans over Rs 2 crore. This follows the Reserve Bank of India’s directive to banks to repay compound interest received during the moratorium. six months, according to Kotak Institutional Equities. Banking regulator advised banks to implement Supreme Court order […]