Live Breaking News & Updates on Nbfcs

Stay updated with breaking news from Nbfcs . Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

New RBI rules on penal charges on loans: Will there be any upper limit/cap for imposing penal charges?

the RBI stated that the transition to the new punitive charges regime should occur on or after April 1, 2024, but no later than June 30, 2024 in the case of existing loans.

Reserve-bank , Fair-lending-practice , Cash-credit , Most-important-terms , Key-fact-statement , Penal-charges-on-loans , Nbfcs- , Upper-limit-on-penal-charges ,