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RBI tells NBFCs to be fair in lending

RBI tells NBFCs to be fair in lending

MUMBAI: The Reserve Bank of India (RBI), which had slapped temporary business curbs on some non-bank lenders over complaints of usurious rates, urged chiefs of large NBFCs to proactively adopt fairness in lending and recovery and simultaneously put in place robust grievance redressal mechanisms.The RBI deputy governor…

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