“The idea to insert a clause with explicit mention of passing it on to the borrower is in line with RBI’s strict stance of making loan documents transparent,” said one of the persons cited above. Secondly, when the regulator increases provisioning norms so sharply, it expects banks to pass them to the borrower, otherwise the purpose of raising the provision is defeated, he added. 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.
