https://www.taxtmi.com/news?id=13217 The Reserve Bank of India directed on 14 July 2014 that Non-Banking Financial Companies shall not levy foreclosure charges or prepayment penalties on floating-rate term loans to individual borrowers, effective immediately, as a customer-protection and harmonisation measure; the RBI further stated it has not received data showing NBFC non-compliance with these directions. en-us Fri, 01 Aug 2014 18:02:25 +0530 Fri, 01 Aug 2014 18:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13217 The Reserve Bank of India directed on 14 July 2014 that Non-Banking Financial Companies shall not levy foreclosure charges or prepayment penalties on floating-rate term loans to individual borrowers, effective immediately, as a customer-protection and harmonisation measure; the RBI further stated it has not received data showing NBFC non-compliance with these directions. News - Fri, 01 Aug 2014 18:02:25 +0530 https://www.taxtmi.com/news?id=13217