:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

RBI OPPOSES PENALTY ON LOAN PREPAYMENT, BUT TAKES NO ACTION

The RBI does not approve of penalties on foreclosure of loans and admits there is no uniformity among banks on such matters, but appears to have done little to address the problem.


This has been reflected in replies given to a query under the Right to Information (RTI) Act on the issue of high rates of penalties charged on the prepayment of loans.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/RBI-opposes-penalty-on-loan-prepayment-but-takes-no-action/articleshow/5528714.cms

Posted by C.B.O.A., A.P.

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