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Supreme Court Upholds No Accrual of Interest on NPAs for Banks Under RBI Act Section 45Q and Prudential Norms.

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....As per CBDT circular and section 45Q of the RBI and prudential Norms issued by the RBI interest income could not be accured on Non Performing Assets (NPA) by Banks as decided by Supreme Court in case of Shri Mahila Sewa Sahakari Bank Ltd.....

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