Tuesday, March 27, 2012

Reserve Bank tightens fair practices code for NBFCs

The Reserve Bank of India, on Monday, revamped the fair practices code (FPC) to be adopted by non-banking finance companies (NBFCs) while doing lending business.The guidelines covered general principles on adequate disclosures on the terms and conditions of a loan and also adopting a non-coercive recovery method............

Read - The Hindu

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