RBI Puts A Spotlight On High Charges For Delayed Payments: How Will The Changes Impact The Lenders?

Описание: The Reserve Bank of India (RBI) is set to cap the penal charges levied by the banks and non-banks related to loans payment missed by borrowers, bringing in enormous relief to borrowers who have been squeezed by usurious charges. The central bank has said that any penalty imposed by regulated entities will be "reasonable & transparent" and that lenders should not use it as a revenue enhancement tool.

In an exclusive conversation with CNBC-TV18, Harsh Vardhan, Former Associate Consultant, Bain & Company and Hardayal Prasad, Former MD & CEO, SBI Card & Payment Services, assess the impact of RBI's move. Listen in.

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