Bandhan Bank alleged that a few news items and videos have been posted in social media on so-called waiver of loans extended by the bank to its customers. These are baseless.
Moratorium and total waiver of installments of loans are separate matter. Releasing a statement, Bandhan Bank mentioned government instructions and said, the bank may change the date of collection of installments against loans but the rate of interest will be there during the unpaid period as it was. It will even be added to the capital loan amount.
Earlier, following Reserve Bank of India instructions, Bandhan Bank declared moratorium on installments against all small loans. Now, the bank asked all its customers to be alert about the fake news items. It is initiating legal steps against those channels that are spreading ill-motivated fake news to mislead the customers, according to the bank statement.
