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RBI Decides Not to Impose Prepayment Charges on Floating Rate Loans

By HIOC Team

7 Sep 11: RBI has banned prepayment charges on floating rate loans. RBI has said that it is not appropriate to impose prepayment charges of floating rate loan contract as in this type of contract the borrower bears the complete interest risk. But since in fixed rate loan contract, the lender is committing resources,... »

World Bank’s Loan to improve Civic Amenities in State

By HIOC Team

We are witnessing civic work developments in some regions of Greater Hyderabad these days. They are about to increase in the coming days as the World Bank has agreed to sanction a loan to Andhra Pradesh Municipal Development Project. The purpose of the project is to improve the urban civic amenities such as sewer... »

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