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.
Consider the following statements :
1. The larger part of Africa lies in the Northern Hemisphere.
2. Africa is the o...
Which is the article that deals with the official language?
The capital of which amongst the following states does not pass through or adjacently close to the Tropic of Cancer ?
Consider the following statements :
1. The Himadri and the Sahyadri are the parts of the northernmost Himalayan ranges while the Shiw...
Which one of the following statements for a tropographical map is not correct?
Who won the fifth edition of the Indian Premier League?
A judge of a High Court is appointed by the President of India in consultation with:
The Dada Saheb Phalke Award for 2011 was won by
Who among the following rulers advised his subjects through this inscription ?
"Whosoever praises his religious sect or blames other sects out of...
Stamped red-glazed pottery, known as Arrentine Ware, has been found in many ancient settlements of the South India. The 'Arrentine Ware' were named afte...
