Cases where borrowers are severely, genuinely hit and have no cash to repay can be given an interest waiver while those who can afford to pay can do so. As we have seen during the Covid-19 crisis, the RBI is the best judge to decide the apt response to solve this puzzle.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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