1 year ago in Daily GK Current Affairs

Read the following statements:




  1. The Reserve Bank barred non-banking finance companies from charging prepayment penalties or foreclosure charges from individual borrowers.

  2. Foreclosure charges are part of the fee income for any lender and add to its bottom line.

  3. These directions cover both deposit-taking and Non-Deposit-taking NBFCs which are considered systemically important ones.



Which of the following statements are correct?


[A] Only 2
[B] Both 1 and 2
[C] Both 1 and 3
[D] Both 2 and 3
[E] All are correct
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N S Sankaran
N S Sankaran - 1 year ago

N S Sankaran from Chennai, India is saying Both 2 and 3 is correct answer

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