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    Shiv Dixit in India

    16 Apr 08:00 AM


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    Disclose all loan fees upfront from Oct 1: RBI

    The Reserve Bank of India (RBI) has mandated banks and finance companies to provide borrowers with a comprehensive key facts statement starting from October 1. This statement will include information on all fees, the annual cost of credit, recovery agent policies, grievance contact details, and the likelihood of the loan being sold to others.