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Using temple funds to bail out state corporations? Madras HC issues notices to the RBI, Centre against the Tamil Nadu govt’s order allowing temple...

The petitioner termed the government order as illegal, arbitrary and ultra vires the provisions of the HR&CE Act, 1959, and Articles 25 and 26 of the Constitution.

Loan documents must be released within 30 days of full repayment, ₹5,000 penalty per day for delay: RBI announces major benefit for borrowers

RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.

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