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…
Tag: RBI
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…