https://www.taxtmi.com/news?id=26459 Review of the levy of penal interest: the Reserve Bank has issued a draft circular proposing revisions to regulatory guidelines to align levy practices with fair lending principles, focusing on conditions and mechanics for levying penal charges to ensure transparency and prevent arbitrary or disproportionate charging. The draft is released for stakeholder consultation, with comments invited to the Chief General Manager, Department of Regulation, Central Office. en-us Sat, 15 Apr 2023 09:34:19 +0530 Sat, 15 Apr 2023 09:34:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26459 Review of the levy of penal interest: the Reserve Bank has issued a draft circular proposing revisions to regulatory guidelines to align levy practices with fair lending principles, focusing on conditions and mechanics for levying penal charges to ensure transparency and prevent arbitrary or disproportionate charging. The draft is released for stakeholder consultation, with comments invited to the Chief General Manager, Department of Regulation, Central Office. News - Sat, 15 Apr 2023 09:34:19 +0530 https://www.taxtmi.com/news?id=26459