COSIA Celebrates RBI’s Landmark Decision on Foreclosure Charges for MSEs

The Chamber of Small Industry Associations (COSIA) is thrilled to announce a significant victory for the Micro and Small Enterprises (MSE) sector, following the Reserve Bank of India’s (RBI) recent decision to prohibit banks and non-banking financial companies (NBFCs) from imposing foreclosure charges and pre-payment penalties on term loans granted to MSEs. This decision was […]