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https://www.moneycontrol.com/news/business/rbi-releases-draft-rules-on-penal-charges-related-to-loans-10403831.html
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RBI releases draft rules on penal charges related to loans - Moneycontrol
4/12/23 at 1:54pm
Organization
Moneycontrol
Author
Moneycontrol News
Details
42 words
Summarize
Crime & Justice
Business & Industrial
RBI
material terms
Moneycontrol
loan contract
Issuing the rules the RBI said that the quantum of penal charges shall be proportional to the defaults/ non-compliance of material terms and conditions of loan contract beyond a threshold.
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