The Reserve Bank of India (RBI) has charged the Non-Banking Finance Company (NBFC) L&T Finance with _________ for failing 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.
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.
Any person aggrieved by an order of the Board made before the commencement of the Securities Laws (Second Amendment) Act, 1999 may prefer an appeal to ...
What are the essential elements that constitute extortion?
Which section of the Act deals with dumb witnesses______
GFSI stands for?
Any member shall be entitled to be furnished, within _____________ after he has made a request in that behalf to the company, and on payment of such fee...
There should not be a gap of more than __________ in between two sittings of house/s of State Legislature?
Photocopies of a document made from the original are
Forms and contents of Arbitral award are given under which section of Arbitration and Conciliation act, 1996?
What is the condition for an action or belief to be considered in "good faith" as per IPC?
Whoever causes death by doing an act with the intention of causing death, or with the intention of causing such bodily injury as is likely to cause deat...