Fair lending practice rules: RBI extends deadline by 3 months
RBI also makes enhancements to PIDF Scheme; Vishwakarma Scheme beneficiaries to now come under it
penal interest
December 2023
August 2023
April 2023
Penalty on loan accounts: RBI asks banks to stop ‘divergent practices’, tweaks norms
RBI says the basic purpose of levying penal interest is to inculcate a "sense of credit discipline" among people, not to be used as "revenue enhancement tool" by banks
Penal interest can’t be used as revenue enhancement tool: RBI to lenders
RBI issues draft rules on penal charges related to loan accounts; wants entities to ensure “reasonableness and transparency” while disclosing penal interests
