In the case of repayment of loans during a month, some banks were charging interest for the entire month, rather than only for the period for which the loan was outstanding. RBI recently found banks following several other unfair practices.
The petitioner, who was employed on a contractual basis as an executive intern with RBI for a period of three years from August 16, 2011, moved the high court, questioning the failure on the part of the apex bank to allow maternity leave with pay to her for 180 days
The Reserve Bank of India has barred PPBL from accepting deposits and credits from any customer after March 15 for persistent non-compliance and continued material supervisory concerns in the bank