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Loan Disbursement

‘Can’t levy interest on loan amounts not received’: RBI to Banks

[ad_1] RBI on Monday warned lenders to not levy interest from the date of loan sanction, instead of actual disbursement. In a home loan or other loans, there is often a lag between sanction and disbursement and charging it from the date of sanction imposes additional interest cost on the borrower.Charging interest from the date…

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Government renewable power co IREDA achieves all-time high profit

[ad_1] NEW DELHI: Indian Renewable Energy Development Agency Ltd. (IREDA) achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crore in its audited financial results for the fiscal year 2023-24, the company informed in an exchange filing on Friday.The loan disbursement amount of IREDA also increased to all time high. The Loan…

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