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RBI Tells Banks To Stop Charging Extra Interest On Loans As Probe Shows Unfair Practices
Credit: Zee News- Published 3 weeks ago
Some banks were charging interest for the entire month, rather than charging interest only for the period for which the loan was outstanding.
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The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. What do RBI’s latest guidelines...
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