Know your world in 60 words - Read News in just 1 minute
Hot Topics
Select the content to hear the Audio

Added on : 2023-08-18 11:05:07

The Reserve Bank of India has issued fresh guidelines for regulated entities on penal charges in loan accounts to ensure that levy of penal interest/ charges is not used as a revenue enhancement tool by them, over and above the contracted rate of interest. RBI's new instructions on penal charges on loans shall come into effect from January 1, 2024

Editor & Publisher : Dr Dhimant Purohit


Good News