Guidelines on Reset of Floating Interest Rate on EMI-Based Personal Loans
Guidelines on Framework for Resetting the Floating Interest Rate on EMI-Based Personal Loans
September 3, 2023
Guidelines on Framework for Resetting the Floating Interest Rate on EMI-Based Personal Loans
A review of the applicable guidelines for IDF-NBFCs has been conducted To enable them to play a larger role in the financing of the infrastructure sector.
RBI has observed that there are varying practises among the REs in terms of imposing penal interest/charges.
Banks are required to maintain an additional average daily balance not be lower than 10% of the increase in net demand and time liabilities from May19, 2023 to July 28, 2023.
States and UTs have been advised not to impose any other type of tax/fee from tourist cars operating throughout the country with a valid permit issued under the All-India Tourist cars(Permit) Rules, 2023.
The MORTH has issued Guidelines regarding grant of permission for construction of access to facilities vide circular no RW/NH- 33032/01/2017-S&R(R) dated 26.06.2020.
A secured creditor, to decide the remedy that they wish to adopt, and the borrower or guarantor has no say in the manner or mode in which recourse is opted to be taken by the secured creditor.
Calcutta HC held that the change in the nature of distributorship without obtaining prior approval from the IOC was a violation of the terms laid down in the LOI.
The Reserve Bank of India (RBI) has implemented a system of assigning business targets to banks, in line with the guidance from the finance ministry.
RBI has relaxed certain restrictions for NBFC-IDFs, levelling the playing field with other lenders in order to enhance core sector funding through infrastructure debt funds(IDFs).
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