The Dos and Don’ts of Penal Charges
RBI to release guidelines on penal charges – Tejasvi Thakkar, Executive | finserv@vinodkothari.com Introduction The Reserve Bank of India (‘RBI’) announced various policy measures in its Statement on Developmental and Regulatory Policies dated February 08, 2023, which includes introduction of guidelines for regulating the penal charges levied by financial institutions in case of delay or […]