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    5. In August 2023, RBI has issued revised rules for penal interest on loans. When will these rules beco

    Question

    In August 2023, RBI has issued revised rules for penal

    interest on loans. When will these rules become effective?
    A 1 Oct 2023 Correct Answer Incorrect Answer
    B 1 Nov 2023 Correct Answer Incorrect Answer
    C 1 Dec 2023 Correct Answer Incorrect Answer
    D 1 Jan 2024 Correct Answer Incorrect Answer
    E 1 April 2024 Correct Answer Incorrect Answer

    Solution

    It will come into effect on 1 January 2024.

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