Published 11:35 IST, October 9th 2024
RBI Monetary Policy: Shaktikanta Das announces breakthrough decision on pre-payment penalty
Governor Das said that banks and NBFCs cannot leavy foreclosure or pre-payment penalty charges on individual borrowers who have taken floating rate term loans.
RBI bars banks to charge pre-payment penalty. | Image:
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11:15 IST, October 9th 2024