Current Affairs · Banking and Finance
Regarding the RBI's decision in July 2025 to ban foreclosure charges on floating-rate loans to Micro and Small Enterprises (MSEs), which of the following statements are correct? 1. The RBI has banned foreclosure charges on floating-rate loans for MSEs, effective from January 1, 2026. 2. The RBI has excluded small finance banks and regional rural banks (RRBs) from this new rule. 3. The new directive applies only to loans with a sanctioned amount exceeding ₹50 lakh.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both 1 and 3
- 2Both 1 and 2✓
- 3Only 2
- 4Only 1
Correct answer
Both 1 and 2
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