May 16, 2024 22:19 (IST)
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RBI directs lenders to provide ‘key fact statement’ to borrowers, fresh changes to be implemented from October 1

RBI directs lenders to provide ‘key fact statement’ to borrowers, fresh changes to be implemented from October 1

The Reserve Bank of India on Monday (April 15, 2024) directed all banks and regulated entities not to levy additional fees on loans that were not previously disclosed in the Key Fact Statement (KFS).