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.
When is ‘World Kindness Day’ observed annually?
The Conscience Keeper of Mahatma Gandhi was
How many of the Indian States share their border with Rajasthan ?
Assess the accuracy of these historical statements:
(I) The Shunga dynasty was the ruling dynasty in Magadha just before the establishment of the...
The present installed nuclear power capacity in the country is ______MW and is planned to be increased to 22,480 MW by 2031.
India ranked ___________ in the Start-up Ecosystem Ranking for 2019.
From India, who inaugurated the Kartarpur Corridor and flagged off the first set of pilgrims to the final resting place of Sikhism founder Guru Nanak Dev?
“It is primarily a crop of mid-latitude grasslands. It requires moderate rainfall with the highest annual rainfall limit of 100 cm. Th e ideal climate...
India’s first atomic power plant is located in the state of________?
Which country built world's largest air purifier?
