The Reserve Bank of India (RBI) has instructed banks and regulated entities to release original property documents and remove charges registered against personal loan borrowers within 30 days of full repayment. This move comes after the RBI identified divergent practices among regulated entities, leading to customer grievances.
Release borrowers’ property documents within 30 days of loan settlement or pay compensation: RBI
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Release borrowers’ property documents within 30 days of loan settlement or pay compensation: RBI
The Reserve Bank of India (RBI) has instructed banks and regulated entities to release original property documents and remove charges registered against personal loan borrowers within 30 days of full repayment. This move comes after the RBI identified divergent practices among regulated entities, leading to customer grievances.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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