The Reserve Bank of India has introduced a draft proposal that seeks to remove foreclosure charges and pre-payment penalties on floating rate loans. This regulation will benefit individuals and micro ...

The central bank wants all regulated entities (REs) to do away with foreclosure charges or pre-payment penalties on all ...

In terms of the extant instructions, certain categories of Regulated Entities (REs) are not permitted to levy foreclosure charges/ pre-payment penalties on the floating rate term loans sanctioned, for ...

Mumbai: The RBI on Friday proposed to do away with foreclosure charges or pre-payment penalties charged by banks and other ...