Tag: borrowers' property documents

MUMBAI: The Reserve Bank of India on Wednesday asked banks and other regulated entities to release all the original movable or immovable property documents and remove charges registered against any personal loan borrowers within a period of 30 days after full repayment or settlement of loans.This comes after the central bank observed that the regulated entities follow “divergent practices”, leading to customer grievances and disputes.To address the issues faced by the borrowers and promote responsible lending conduct, RBI today issued a series of directions.Among those, it said the...