Fair lending practice rules: RBI extends deadline by 3 months
RBI also makes enhancements to PIDF Scheme; Vishwakarma Scheme beneficiaries to now come under it
RBI also makes enhancements to PIDF Scheme; Vishwakarma Scheme beneficiaries to now come under it
RBI says the basic purpose of levying penal interest is to inculcate a "sense of credit discipline" among people, not to be used as "revenue enhancement tool" by banks
RBI issues draft rules on penal charges related to loan accounts; wants entities to ensure “reasonableness and transparency” while disclosing penal interests