To ensure fair lending, the Reserve Bank of India (RBI) has prohibited lenders from compounding penal interest arising from loan defaults with future repayments.The instructions issued by RBI in this regard will come into force from _______.
To ensure fair lending, the Reserve Bank of India (RBI) has prohibited lenders from compounding penal interest arising from loan defaults with future repayments. Also, the penalty imposed by regulated entities (REs) on customers for default and breaching loan conditions are to be treated as penal charges are debarred from imposing such charges as penal interest, which is added to the rate of interest. These instructions will come into effect from January 1, 2024. These instructions will, however, not apply to credit cards, external commercial borrowing, trade credits and structured obligations covered under product-specific directions. The penal charges for loans sanctioned to individual borrowers, for purposes other than business will not be higher than the penal charges applicable to non-individual borrowers for similar non-compliance with material terms and conditions.
Which organism is the causative agent of Ranikhet disease in fowls?
Which of the following is not a requirement for organic certification under NPOP?
Match the following oilseeds crops with their scientific name:
When to irrigate wheat after sowing if only one irrigation water is available:
Read the statements below on consequences of inbreeding and choose the correct statement.
A. Variability reduced significantly within family.
...What is the term for the ability of soil to retain and supply essential nutrients to plants?
…………….. refers to removal of field heat (quick cooling) after harvest; if not, its deterioration is faster at higher temperature of 1 hour at ...
The nitrifying bacteria are
The stage of mitosis during which the chromosomes condense and become visible is called:
The crop gingelly is also called by the name