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…
Tag: RBI
RBI to Introduce New Coins of 50 Paise to Rs.10
22 Jul 11: The reserve Bank of India has said that it will release new coins of various denominations – 50 paise, Rs.1, 2, 5 and 10. The faces of these coins will bear Lion Capitol of the Ashoka Pillar…
RBI to Withdraw Coins of Lower Denominations
16 March 2011: From this June 30th, RBI has decided to stop any legal payment and circulation of 25 paise coins and other coins with lower denominations. These coins can be exchanged for their worth across 41 banks in the…