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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 organization updated its e-mandate framework to include auto-replenishment of balances for FASTag and NCMC?
Which of the following books is written by V.S. Naipaul?
Which of the following is a tributary of the river Ganga?
Government assent to the Indian Independence Bill was received by-
_______of the following banks has launched the first of its kind stressed asset recovery automated solution (SARAS) to accelerate the recovery of bad lo...
Who among the following was awarded by “Pen Pinter Prize”?
The Kanger Valley National Park is located in
E-commerce and technology conglomerate Alibaba has decided to establish a data centre in the Indian city of:
Which team won the men’s title in the 77th Inter-Zonal Badminton Championships 2024?
नालंदा विश्वविद्यालय को नष्ट करने वाला मुस्लिम आक्रम...