Penal interest on loan defaults replaced by Penal Charges i.e, no further interest on such charges – RBI
April 13, 2023
RBI
Penal interest on loan defaults replaced by Penal Charges i.e, no further interest on such charges. RBI releases Draft Circular on Fair Lending Practice – Penal Charges in Loan Accounts The Reserve Bank of India has released the Draft Circular on Fair Lending Practice – Penal Charges in …