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Letters to the Editor dated September 27, 2023 - The Hindu BusinessLine

Letters to the Editor dated September 27, 2023 - The Hindu BusinessLine
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RBI issues new guidelines for banks, NBFCs to regulate penal interest on loans

The new set of rules, which come into effect from January 1, 2024, are being introduced to promote fairness and transparency in the lending sector.

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Bank Recovery Agents, Loan Repayment: No Harsh Steps : Finance Minister Nirmala Sitharaman Says Instructed Banks On Merciless Loan Recovery

Nirmala Sitharaman today said the government has instructed both public and private banks that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with humanity and sensitivity.

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All banks instructed not to take harsh steps to recover loans: FM Sitharaman tells Lok Sabha

In August last year, the Reserve Bank of India (RBI) tightened norms for digital lending to prevent charging of high-interest rates by certain entities and also check unethical loan recovery practices.

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National Lok Adalat In Tripura: Rs 2 54 Crore Collected Disposing 2,489 Cases

National Lok Adalat In Tripura: Rs 2 54 Crore Collected Disposing 2,489 Cases
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