Penal Intrest Calculations of NPA accounts

Querist : Anonymous (Querist) 28 April 2011 This query is : Resolved
Can banks capitalize monthly installment (emi) and monthly interest both amounts for overdue interest( penal interest) calculations for term loan NPA accounts?

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Guest (Expert) 29 April 2011
Yes, they do as per your loan agreement, which you might have signed without reading that properly.

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