RBI directs banks, other lenders not to levy pre-payment charges on biz loans to individuals, MSEs ...Middle East

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RBI directs banks, other lenders not to levy pre-payment charges on biz loans to individuals, MSEs
source : Devdiscourse ( Middle East ) () 75
The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs).

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