RBI to review arbitrary penal charges on loans; to release draft guidelines soon

[IndiaInsurance]

https://img.etimg.com/photo/97718576.cms (https://economictimes.indiatimes.com/wealth/borrow/rbi-to-review-arbitrary-penal-charges-on-loans-to-release-draft-guidelines-soon/articleshow/97718576.cms) Currently, the penal amount levied varies within banks and also among NBFCs. The penal charges levied are arbitrary by the bank i.e, each bank has its own policy to levy the charges.

More... (https://economictimes.indiatimes.com/wealth/borrow/rbi-to-review-arbitrary-penal-charges-on-loans-to-release-draft-guidelines-soon/articleshow/97718576.cms)