The refunds calculated in these scenarios already includes interest at the rate at which you were charged, from the date of overcharging.Compounded, this compensation doesn't even cover the interest that I might have earned in a savings account.
....Compounded, this compensation doesn't even cover the interest that I might have earned in a savings account.
Are these compensation payments going to generate a tax liability for people ?
The compensation payment to impacted borrowers is not meant to be a sanction or penalty.I still don't see any significant sanction/penalty for BoI in this.
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