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.
Meiotic division takes place in:
The book ‘Crop Nutrition – Principles and Practices’ was written by ____
____ fertilizer is not recommended in potato crop.
Which of the following element is responsible for the biosynthesis of oil in groundnut?
World Water Day is celebrated every year on
The Rural Infrastructure Development Fund (RIDF) was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects. The Fund i...
The substance which causes a definite change in genes is called ................?
Chlorine is associated to photosynthesis in production of:
In backcross method of breeding, the hybrid and the progenies in the subsequent generation are repeatedly ba...
The category of weeds is characterized by a lifespan of more than two years and can propagate through various means such as underground stems,...
