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The Reserve Bank of India (RBI) has charged the Non-Banking Finance Company (NBFC) L&T Finance with Rs 2.50 crore for failing to adhere to certain regulatory provisions regarding interest rates. The NBFC had not disclosed to its retail borrowers the gradation of risk and rationale for charging different interest rates to different categories of borrowers in the loan application form or sanction letter. It also failed to notify the change in the penal interest rate to its borrowers whenever it charged higher rates than what was communicated at the time of sanction. Additionally, it failed to give notice of change in the terms and conditions of loans to its borrowers when the NBFC charged an annualised rate of interest, which was higher than what was communicated at the time of sanction.
The "Right to Property" ceased to be a Fundamental Right after which constitutional amendment?
The Constitution (101st) Amendment Act, 2016 pertains to which of the following?
The concept of 'equal protection of laws' is derived from the Constitution of which country?
The concept of ‘Judicial Review’ in India is borrowed from which country's constitution.
Which clause of the Indian Constitution guarantees the freedom to practice any profession?
How many official languages are recognized by the Indian Constitution?
Which of the following Articles of the Indian Constitution are related to citizenship?
Which article of the Indian Constitution deals with the amendment process?
Which body is responsible for conducting elections to the offices of the President and Vice President of India?
Which of the following is NOT included in the provisions of a Money Bill under Article 110 of the Indian Constitution?
