Mortgage-backed security Current Affairs, GK & News

Stop foreclosure penalty on home loans: RBI

June 7, 2012

Reserve Bank of India asked banks to forthwith stop charging penalty on pre-payment of home loans taken on floating interest rates. RBI held in its notification that abandoning prepayment penalty on home loans would lead to reduction in the bias between existing and new borrowers. The action can aid in finer pricing of the floating ..

Month: 

Topics:  • • • • • • • • • • •