Issuing a statement for its customers, Bandhan Bank made it clear that 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. Those are absolutely fake and baseless.
In the statement, Bandhan Bank said, moratorium and total waiver of installments against loans are different. The statement mentioned government instructions over the issue 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 and that will be added to the capital loan amount.
Following Reserve Bank of India’s instructions, Bandhan Bank already announced moratorium on installments against all small loans taken by its customers.
The customers should be alert about the fake news items that are spreading ill-motivated fake news to mislead them, while the bank is initiating
legal steps against those channels, the statement asserted.
