Borrowers get enforceable rights out of it. Most never use them because the framework does not get discussed at the point of borrowing. This guide walks through what those rights actually are and how to use them when a lender crosses a line.
Banks regularly ask customers to update their KYC as per RBI guidelines, which categorise accounts by risk level. Union Bank of India has launched a mega campaign across Telangana, offering multiple modes—online and offline—to help customers update their KYC seamlessly
"The borrowing plan for FY21 has been revised from Rs 90,000 crore to Rs 1,18,000 crore to accommodate the moratorium granted to borrowers as per RBI guidelines," a statement issued by PFC on Friday said.
Objective of the process of invitation of EoI is to identify a suitable equity investor/ group of investors willing to take over management control so as to revive the bank and commence regular day-to-day operations
