Start learning 50% faster. Sign in now
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.
Which of the following statements about the Bhartiya Antariksh Station (BAS) is correct?
1. The first module will be launched in 2028.
2. ...
The Indian National Congress was founded in which year?
Principles of Political Economy and Taxation, which introduced the theory of comparative advantage, was authored by:
José Raúl Mulino won the presidential election in?
Sharada Peeth is located in which of the following states?
Recently the country's first elevated Dwarka Expressway has been inaugurated, this expressway connects Delhi to ____.
Which Law Commission term was sanctioned by President Droupadi Murmu for the period from 2024 to 2027?
Where will Prime Minister Narendra Modi launch the "Bima Sakhi Yojana"?
The Treaty of Mangalore was signed in which year?