The intent is to have simple transparent, and comparable (STC) terms of the loan communicated to the customer upfront and hence, an illustrative example for the computation is provided. The illustration includes all charges that the RE levies. II. United Kingdom In accordance with the definitio...
Reserve Bank of India had introduced a Prompt Corrective Action Framework (PCA) for Scheduled Commercial Banks in 2002 and the same has been reviewed from time to time based on the experience gained and developments in the banking system. The objective of the PCA Fra...