The Reserve Bank of India has instructed non-bank finance companies (NBFCs) to strictly enforce a 20,000 rupees ($240) cash loan limit to discourage cash transactions, citing Section 269SS of the Income Tax Act. The directive follows actions against IIFL Finance for violating loan disbursement and collection rules, prompting heightened regulatory scrutiny Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
