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Penal interest

If the installments are not received as per the repayment terms, by the end of the month, the borrower will be charged interest on the installments delayed which is called as penal interest.

News On Penal interest
3i Infotech surges 17% on debt restructuring approval

16-06-2016| Source:Moneycontrol.com

The CDR Empowered group has issued a letter of approval of DRS, which includes waiver of all unpaid interest dues from April 1, 2014 till March 31, 2016 including liquidated damages and penal

Telecom Minister rules out penal power to TRAI

14-06-2016| Source:PTI

Rejecting demand for giving penal power to telecom regulator TRAI, Telecom Minister Ravi Shankar Prasad has said the authority has enough power to protect the interest of consumers

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