interest charged at lower than banking rate

This query is : Resolved 

19 December 2008 Interest charged on unsecured loan is lower than banking rate. is there any implication or section applicability from the view point of lender regarding lower receipt of income & from the view point of borrower lower payment of interest.The relationship between payor and payee is group concern

19 December 2008 Is there any relation between payor and payee?

19 December 2008 the relation between payor and payee is group concern




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