Posted On : 22-Sep-2023
Reference : The Economic Times
BANKS MUST RELEASE PROPERTY DOCUMENTS WITHIN 30 DAYS OR PAY RS 5000 PER DAY COMPENSATION: RBI
The Reserve Bank of India (RBI) has directed lenders to release property documents upon repayment of a personal loan within 30 days. Failing to do so will require lenders to compensate the borrower at Rs 5,000 per day.