Banks raise bad loans cover by Sh46bn as defaults soar
Commercial banks take initiatives to address the rising rate of defaults.
Source: nation.africa
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RBI To Stop Banks From Capitalising Penal Charges on Loans Defaults
The Reserve Bank of India on Wednesday proposed to prohibit capitalisation of penal charges and additional interest levied by banks on customers for loan defaults, in a bid to streamline divergent practices followed by lenders. RBI To Stop Banks From Capitalising Penal Charges on Loans Defaults.
Source: latestly.com