RBI issues new prudential regulations for All India Financial Institutions #newkerala(107445) newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
RBI introduces Basel-III capital framework for All India Financial Institutions thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
RBI issues fresh instructions on penal charges in loan accounts thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
RBI issues guidelines for penal charges in loan accounts to ensure transparency and credit discipline. The new rules will be effective from January 1, 2024.
Penal charges are additional charges a lender levies on a borrower in case of non-compliance with the payment schedule. RBI has told lenders that no further interest can be computed on such charges.