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BIG! Banks Can't Levy Penal Interest Now, Check RBI's Latest Guidelines For Banks, NBFCs - News18
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8/18/23 at 7:42am
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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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Credit & Lending
Banks Can't Levy Penal Interest
Latest Guidelines For Banks
News18 Banks
NBFC
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