RBI directs banks, NBFCs to ensure fairness, transparency in loan activity
The Business Guardian|May 01, 2024
The Reserve Bank of India (RBI) on Monday asked banks and all non-banking financial companies (NBFCs), on priority, to reassess their practices to ensure that they are fair and transparent in charging of interest.
NIVEDITA MUKHERJEE

The RBI action follows instances of lenders resorting to certain unfair practices in charging of interest, including several cases where excessive interest has been charged on loans.

This story is from the May 01, 2024 edition of The Business Guardian.

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This story is from the May 01, 2024 edition of The Business Guardian.

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