RBI bars banks from charging prepayment fee on floating rate term loans
MUMBAI (Reuters) - The Reserve Bank of India has barred banks from levying foreclosure charges on individual borrowers for all floating rate loans with immediate effect, it said in a release on Wednesday.
(Reporting by Suvashree Dey Choudhury; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article