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Rohith Methayil Rajagopal vs Reserve Bank Of India on 12 March, 2024
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Shilwant K Chaudhari vs Reserve Bank Of India on 11 March, 2024
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How Kala Ghoda got a couture makeover
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Many Regulated Entities (REs) use penal rates of interest, over and above the applicable interest rates, in case of defaults or non-compliance by the borrower with the terms on which credit facilities were sanctioned. To review extant regulatory guidelines on levy of penal interest, the Reserve Bank of India (RBI) released draft circular on fair lending practice - penal charges in loan accounts seeking stakeholder comments.