Search For "fair practices code"
Loan recovery practices of NBFCs must be fair, respectful: FM Sitharaman
Updated : 11 months ago IST
Union Finance Minister Nirmala Sitharaman emphasized that the loan recovery practices of Non-Banking Financial Companies (NBFCs) must be fair, respectful, and empathetic, and must strictly align with the Reserve Bank of India's (RBI) Fair Practices Code.
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RBI directs review of unfair interest practices by financial institutions
Updated : 2 years, 1 month ago IST
According to RBI, the directive, effective immediately, aims to address concerns over certain unfair practices observed during RBI's onsite examination of regulated entities (REs) for the period ended March 31, 2023.
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RBI imposes monetary penalty of Rs 10 million on Bajaj Finance Ltd
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Jan 14 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 10 million on Bajaj Finance Limited for violation of Fair Practices Code.
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