RBI NBFC: RBI asks banks, NBFCs to launch debtors’ property paperwork inside 30 days of mortgage settlement or pay compensation – The Financial Instances Video
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The Reserve Financial institution of India on Wednesday requested banks and different regulated entities to launch all the unique movable or immovable property paperwork and take away fees registered towards any private mortgage debtors inside a interval of 30 days after full reimbursement or settlement of loans. This comes after the central financial institution noticed that the regulated entities observe “divergent practices”, resulting in buyer grievances and disputes.
