Web1 day ago · The Reserve Bank of India (RBI) has released the draft rules on penal charges related to loan accounts. In its circular, the RBI has issued guidelines to the regulated entities to ensure “reasonableness and transparency” while they make disclosures regarding penal interests. The apex bank says ... WebConversion of Principal into Debt / Equity and Unpaid Interest into ‘Funded Interest Term Loan’ ... If foreign currency borrowings/export advances for the purpose of repayment/refinancing of rupee loans ... 2006’ shall continue to be guided by the instructions contained in RBI Circular No. FIDD.MSME & NFS.BC.No.21/ 06.02.31/ 2015-16 ...
RBI wants banks to overhaul penal charges on loans How will the move …
WebSep 24, 2024 · -Financial Services Division ([email protected])[This version dated 24 th September, 2024. We are continuing to develop the write-up further – please do come … Web15 hours ago · The Reserve Bank of India (RBI) is here to change that! In a ground-breaking move, the RBI vide Press Release no. 2024-2024/56 dated April 12, 2024 has released a … iris wholesalers
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WebAug 27, 2024 · Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including … WebApr 13, 2024 · The above instructions shall not apply to Credit Cards which are covered under product specific directions. Penal interest on loan defaults replaced by Penal Charges i.e, no further interest on such charges – RBI. Time limit for Reporting old Invoices on the e-invoice IRP Portal – GSTN Advisory. Section 69 & 115BBE not applicable on excess ... WebSep 29, 2024 · Essentially, even loan participation transaction have also been recognised under the Master Directions (for transfer of standard loans) wherein the transferor transfers all or part of its economic interest in a loan exposure to transferee without the actual transfer of the loan contract, and the transferee(s) fund the transferor to the extent of the … iris wholestone