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Banks not to harass borrowers for dues, Says RBI

On Friday, the Reserve Bank of India (RBI) announced some additional guidelines to regulated entities (RE) that outsource financial services. The new rules address Recovery Agent (RAs)-related difficulties for the central bank. RBI has from time to time advised that…

RBI Due Diligence Report: All you need to know

In India every year, every company (listed/Non-listed or Indian/Foreign) is required to submit RBI due diligence report for the Previous Financial year to all the bankers with whom the company is having banking limits (Such as working capital loan, short…