........“It is not proposed to issue any guidelines to the banks to offer loans to borrowers at uniform rate of interest in view of variation in their costs, business models, margins etc,” finance minister Arun Jaitley said in a reply to Lok Sabha. “Reserve Bank of India has advised boards of banks to lay out appropriate internal principles and procedures so that usurious interest (including processing and other charges) are not levied by them on loans and advances,” he said....................
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