BoB clamps down on bank penalties
Friday, June 03, 2011
Prior to April 1, most commercial and statutory banks penalised clients who failed to provide a 90-day notice of their intent to settle their loans before maturity.
The penalty, banks rationalised, was meant to cushion against losses arising from the sudden absence of interest which would have accrued had the loan been paid until maturity.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...