Clarification regarding repossession of vehicles financed by NBFCs - આરબીઆઈ - Reserve Bank of India
Clarification regarding repossession of vehicles financed by NBFCs
RBI/2008-09/454 |
DNBS (PD) CC.No.139 /03.10.001/2008-09 |
April 24, 2009
|
All Non-Banking Finance Companies |
Dear Sir, |
Clarification regarding repossession of vehicles financed by NBFCs |
Please refer to DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 dated September 28, 2006, advising NBFCs to put in place a Fair Practices Code with the approval of their Boards which, inter alia, covers recovery of loans. |
Yours sincerely,
|
(P.Krishnamurthy) |