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To ensure fair lending, the Reserve Bank of India (RBI) has prohibited lenders from compounding penal interest arising from loan defaults with future repayments.Also, the penalty imposed by regulated entities (REs) on customers for default and breaching loan conditions are to be treated as penal charges are debarred from imposing such charges as penal interest, which is added to the rate of interest. These instructions will come into effect from January 1, 2024.These instructions will, however, not apply to credit cards, external commercial borrowing, trade credits and structured obligations covered under product-specific directions.The penal charges for loans sanctioned to individual borrowers, for purposes other than business will not be higher than the penal charges applicable to non-individual borrowers for similar non-compliance with material terms and conditions.
Select the number from among the given options that can replace the question mark (?) in the following series.
17, 25, 34, 44, 55, ?
If A denotes ‘+’, B denotes ‘×’, C denotes ‘−’, and D denotes ‘÷’, then what will be the value of the following equation?
94 ...
Select the option figure which is embedded in the given figure as its part (rotation is NOT allowed).
Varun, Anwar, Prachi, Fatima and Disha are sitting on a bench. Varun who is not sitting at extreme corners is sitting to the left of Anwar. Fatima is si...
Ram and Shyam started together from same point. Ram walked 5 metres towards the East direction and Shyam walked 12 metres towards the North Direction ....
In a certain code language, ‘HAPPY’ is written as ‘JDPSA’ and ‘DANCE’ is written as ‘FDNFG’. How will ‘CLASS’ be written in that lan...
A paper is folded and cut as shown below. How will it appear when unfolded?
In a certain code language, 'he loves children' is written as 'AA CC PP', 'children like candles’ is written as ‘ZZ PP QQ’ and ‘she loves candie...
Select the next number in the series.
61, 63, 66, 71, 78,?
‘Pressure’ is related to ‘Pascal’ and ‘Electricity’ is related to ‘Watt’ in the same way as ‘Heat’ is related to ‘___________’. ...