Banks To Return Property Papers In 30 Days Or Give Borrowers Rs 5,000/ Day For Delay

Name: Banks To Return Property Papers In 30 Days Or Give Borrowers Rs 5,000/ Day For Delay
Uploaded: 2023-01-01T00:00:00+00:00
Duration: 4 min
Description: Published On: September 09, 2023 - RBI has issued a guideline of 30 days for timely release of property documents after the repayment of loan, and if the regulated entities fail to comply with the timeline they will have to compensate the borrower at the rate of Rs 5,000 for each day of delay. Join News9's Shweta Kothari, Suyash Maheshwari and Krishnakumar as they discuss the new guidelines.

2023 • 4min • News • Business

Informative

Published On: September 09, 2023 - RBI has issued a guideline of 30 days for timely release of property documents after the repayment of loan, and if the regulated entities fail to comply with the timeline they will have to compensate the borrower at the rate of Rs 5,000 for each day of delay. Join News9's Shweta Kothari, Suyash Maheshwari and Krishnakumar as they discuss the new guidelines.