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.
Who recently launched the 'Mission Lifestyle for Environment' (LiFE) initiative in Assam, and what does the initiative focus on?
In which city the beta live of ONDC launched?
A Memorandum of Understanding (MoU) has been signed between the Ministry of Education and Abu Dhabi Department of Education and Knowledge (ADEK), and th...
Mouling National Park is located in which state?
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Which session was held to raise awareness about "dark patterns" in consumer protection?
Where are the headquarters of the International Solar Alliance?
Which company will enhance Norway’s critical financial infrastructure by partnering with BankID BankAxept AS, Norway’s national payment and electron...
Recently RBI has asked which of the following bank to immediately stop transactions under the Liberalised Remittance Scheme (LRS) until further notice?
What does the " Plastic Overshoot Day " signify in the context of global and national environmental management?
