Two Important notifications from RBI
The Reserve Bank of India had recently issued two important Circulars regarding the following :- 1) Levy of penal charges on non-maintenance of minimum balances in inoperative accounts. 2) Levy of foreclosure charges/pre-payment penalty on Floating Rate Term Loans. As per the above circulars, the RBI has instructed the banks as follows :- 1) No […]
Two Important notifications from RBI Read More »