Kolkata: Releasing a statement, 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 absolutely baseless. Moratorium and total waiver of installments against
loans are different. In the statement, Bandhan Bank mentioned government instructions over the issue and said, they 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.
Meanwhile, Bandhan Bank announced moratorium on installments against all small loans, following Reserve Bank of India instructions. The bank now asked all its customers to be alert about the fake news items, while it is initiating legal steps against those channels that are spreading ill-motivated fake news to mislead the customers.
