Tag: prepayment
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RBI to stop banks from levying foreclosure charges or prepayment penalties on loans. Details here
The Reserve Bank of India (RBI) has released a draft circular intended to direct banks not to levy foreclosure charges/ pre-payment on the floating...
RBI pushes for fairer lending: Prepayment penalties on floating rate loans could be scrapped
CompanyValueChange%ChangeThe Reserve Bank of India (RBI) on Friday released draft guidelines proposing the removal of foreclosure charges and prepayment penalties on floating rate loans,...
