Save lakhs in interest cost? What RBI’s new rules for interest overcharging on loans mean for borrowers – Times of India
Has your lender been overcharging you interest for loans? The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. The same has been flagged by the central bank in a new notification dated April 29, 2024.RBI’s latest notification comes as a relief for loan borrowers,…