TReDS: A Game-Changer for MSME Financing and Faster Payments in India
In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the economy, contributing nearly 30% to…
Tag: RBI
RBI has published draft guidelines for classification of Wilful Defaulters:
1) Earlier RBI did not have a specific timeline within which a borrower should be declared a wilful…
Rs 5,000 fine per day! RBI orders banks, NBFCs to release property docs within 30 days of loan repayment.
SUMMARY:.The RBI has issued a directive requiring Regulated Entities (REs), including banks, NBFCs (including HFCs), ARCs, LABs, and…