Bengaluru 31°C

Bankers body Convene Meet over SC Ruling on Interest-Free Loans

Following a recent verdict from the Supreme Court, the All India Bank Officers’ Confederation (AIBOC) will hold a meeting with its senior officials on Sunday to chart out their next steps. The court’s decision, delivered on Tuesday, deems the interest-free or concessional loans provided by banks to their employees as fringe benefits subject to taxation […]