https://www.news18.com/business/big-banks-cant-levy-penal-interest-now-check-rbis-latest-guidelines-for-banks-nbfcs-8540818.html
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8/18/23 at 12:42am
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News18
Author
Mohammad Haris
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Banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, says RBI in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'
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