Question
The Reserve Bank of India has issued a notification to
the lenders, financial institutions and credit bureaus regarding the resolution of the complaints filed by the customers.What has the time frame been decided by RBI to solve the complaints or pay a fine of Rs.100 a day ?Solution
The Reserve bank of India (RBI) has notified to lenders, financial institutions and credit bureaus to resolve complaints filed by customers within 30 days or pay a fine of ₹100 per day.The RBI also directed credit institutions (CIs) and credit information companies (CICs) to introduce a compensation framework for delayed updation or rectification of credit information. CICs maintain credit information of borrowers — individuals, corporates, and small businesses — which can be accessed by banks and other lenders. They collect information from a variety of credit providers including banks, credit card companies and non-bank financial institutions.
What does the term “equivalence” refer to under the SPS agreement?
What type of food businesses need a State License under FSSAI?
The branch of biology that deals with the heredity and variation of organisms. Who is known as father of genetics.
An acute or chronic inflammation of the mammary gland caused by physical, chemical and biological agents chiefly of bovines usually affecting the secret...
What is the validity of organic certification under NPOP?
The branch of Horticulture that deals with the cultivation of vegetables is called
What does GMP stand for under FSSAI’s hygiene regulations?
Which year marked the launch of the National Programme for Organic Production (NPOP)?
What is the penalty for operating a food business without a valid FSSAI license?
In international agricultural trade, “Codex Alimentarius” is a collection of:
