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 7:42am
Organization
News18
Author
Mohammad Haris
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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