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State of Tripura
Sunday, July 27, 2025

New Cricket ground coming up in Sabroom: Tripura CM

Tripura CM Manik Saha announces a new...

Former Tripura CM: BJP using SIR to skew voter rolls in Bihar

Former Tripura CM Manik Sarkar warns that...

RBI bans pre-payment penalties on floating-rate loans for MSEs, individuals from Jan 1 –

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The Reserve Bank of India (RBI), to improve access to affordable credit for Micro and Small Enterprises (MSEs) and individual borrowers, has prohibited regulated entities, including banks and other lenders, from imposing pre-payment penalties on many floating-rate loans. This will come into effect from January 1, next year and will apply to all loans and advances that are sanctioned or renewed on or after this date. The RBI emphasised that this move aligns with its developmental and regulatory goals to promote borrower-friendly practices and ensure transparency in lending.

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