RBI’s Tough New Action: Loan Defaulters and Cheque Bouncers Face Strict Penalties
In a major step towards strengthening India’s financial system, the Reserve Bank of India (RBI) has rolled out strict new regulations to deal with loan defaulters and cheque bouncers. With increasing cases of bad loans and bounced cheques affecting the banking sector, the RBI’s latest crackdown aims to restore discipline, improve transparency, and reinforce trust … Read more