RBI On Loan Defaulter: Those who do not repay their loans should be careful, RBI has issued a strict warning..

RBI guidelines: RBI has now become strict on those who do not repay the loan. Issuing a strict warning for such loan holders, the Reserve Bank of India has also instructed the banks to take a big step.

Overall, now those who do not repay the loan are in trouble. If you have also taken a loan and are not paying its EMI, then definitely know this update from RBI, otherwise, your problem will increase more in the future.

This is what RBI has said in new instructions.

According to the new instructions of RBI (RBI On Wilful Defaulter), if a loan of more than Rs 25 lakh is taken and not repaid, then such loan holders will be included in the category of willful defaulters (rules for Wilful Defaulters), that is, those who do not repay the loan deliberately.

With this, they will not get a loan from anywhere in the future. RBI (RBI loan rules) has asked the banks to be alert about this and has said to identify such people make a list and put them in the category of willful defaulters.

The committee will collect this evidence

After the instructions of RBI, now all the banks (bank loan news) will identify such loan holders under a special process who deliberately do not repay the loan. These loan holders will be included in the category of 'willful defaulters' (Willful Defaulters news) i.e. the category of willful defaulters.

For this, the evidence of willful default will be investigated by the identification committee, by collecting this evidence, a list of such loan holders (Willful Defaulters list) will also be prepared.

These loan accounts will be investigated.

Banks and non-banking financing companies (NBFCs) will now investigate the people taking loans of 25 lakhs and above as to who has repaid the loan (loan repayment rules) and who has not.

Those who are not repaying the loan will be identified. The new instructions of RBI (RBI guidelines) will tighten the noose on those loan holders who deliberately do not repay the loan or EMI.

A loan account will also be put in the NPA.

According to RBI, a willful defaulter (RBI guidelines for Wilful Defaulters) is a loan holder who deliberately does not repay the loan or EMI. The loan account on which an amount of more than Rs 25 lakh is outstanding.

Not only will they come in NPA accounts, but from time to time these accounts will also be investigated whether the loan was not repaid deliberately or there is some compulsion. Before declaring a willful defaulter, the loan holder's account will be put in NPA (nonperforming asset).

Banks will take action in so many months.

According to RBI, if on an investigation by the committee, it is found that the loan holder did not repay the loan deliberately (loan repayment new rules), then the loan holder's account will be put in NPA i.e. nonperforming asset. Within six months of this, the loan holder will be declared a willful defaulter by the banks (bank news).

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