.............. “If RBI refuses to recast the loans, the only alternative is to clear the loans of borrowers and take money from the government at a later date, as promised.” He added if the borrowers didn’t repay the loans, they might have to pay interest on the overdue, as these loans wouldn’t get interest subvention and might surpass the loan waiver cap of Rs 1.5 lakh a family, as fixed by the state government. Earlier, RBI had told state government officials in case it considered restructuring the loans, it would extend the facility only to.....
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