Tag Archives: banking

NBFCs regulations revised: RBI

The Reserve Bank of India has revised regulations for non-banking finance companies (NBFCs). http://goo.gl/nd1bGf

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RBI directed to examine the reasonableness of rate of interest charged by lenders: DHC

In what may be an important ruling affecting borrowers of loans from Non-Banking Financial Companies (NBFC), the Delhi High Court directed Reserve Bank of India (RBI) to examine whether the rate of interest being charged and foreclosure charges, if any, … Continue reading

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Govt proposes law for unclaimed funds

In respect of unclaimed funds in Fixed Deposits with Scheduled Commercial Banks, the Government of India has introduced the Banking Laws (Amendment) Bill, 2011 wherein provision has been made for the establishment of a “Depositor Education and Awareness Fund” to … Continue reading

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