Rbi circulars
This query is : Resolved
30 September 2013
As per RBI Circular RBI/2013-14/292 DBS.CO.PPD No. 3578 /11.01.005/2013-14 dated September 17, 2013 all the Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks are instructed not to indulge in the zero percent EMI schemes offered.
Is this means that NBFCs are allowed to provide loans on such zero percent schemes, as NBFC are not written in circular?
Regards
Is this means that NBFCs are allowed to provide loans on such zero percent schemes, as NBFC are not written in circular?
Regards
01 October 2013
Yes. As of now, NBFCs can continue to offer such products.
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