The Reserve Bank of India has issued a notification to the lenders, financial institutions and credit bureaus regarding the resolution of the complaints filed by the customers.What has the time frame been decided by RBI to solve the complaints or pay a fine of Rs.100 a day ?
The Reserve bank of India (RBI) has notified to lenders, financial institutions and credit bureaus to resolve complaints filed by customers within 30 days or pay a fine of ₹100 per day.The RBI also directed credit institutions (CIs) and credit information companies (CICs) to introduce a compensation framework for delayed updation or rectification of credit information. CICs maintain credit information of borrowers — individuals, corporates, and small businesses — which can be accessed by banks and other lenders. They collect information from a variety of credit providers including banks, credit card companies and non-bank financial institutions.
All the commissions shall have powers like that of :
The security receipts under SARFAESI Act
What is the minimum number of persons required for constituting criminal conspiracy?
Provisions of condition and warranty are in which section of Sales of Goods Act, 1930?
Prescribed period of Limitation is:
Suit against a trustee of a temple for account of trust property and proceeds thereof-
How many elected members are there in the Rajya Sabha?
Which of the following Article of constitution guarantees property as a constitutional right?
Dunlop Pneumatic Tyre Co Ltd vs. Selfridge & Co. is a leading case related to__________________
Code of Civil Procedure 1908 is a:
