RBI’s ₹10,000 Daily Fine on Credit Bureaus: Enhancing Consumer Protection
RBI to Impose ₹10,000 Daily Fine for Credit Bureaus Failing to Resolve Complaints in 30 Days In a significant move to protect the interests of consumers and enhance the accountability of credit bureaus, the Reserve Bank of India (RBI) has recently announced a crucial regulatory change. The central bank has introduced a penalty mechanism, wherein…
