Rural Loans Interest Rates
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Courts Can Examine Reasonableness Of Interest Rate: Top Court On Rural Loans
The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.
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Jayalalithaa opposes revision of interest rates on Rural loans
Tamil Nadu Chief Minister J Jayalalithaa has opposed the revision of interest rate for the Rural Infrastructure Development Fund (RIDF), saying that the Reserve Bank of India's (RBI) move will force states to reduce investment in this area, which is vital for inclusive development.
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Courts Can Examine Reasonableness Of Interest Rate: Top Court On Rural Loans
The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists.
-
Jayalalithaa opposes revision of interest rates on Rural loans
Tamil Nadu Chief Minister J Jayalalithaa has opposed the revision of interest rate for the Rural Infrastructure Development Fund (RIDF), saying that the Reserve Bank of India's (RBI) move will force states to reduce investment in this area, which is vital for inclusive development.
