also proposed penalising borrowers with higher interest rates for future loans if they do not cooperate in resolution.
As per a recent RBI discussion paper, to improve the restructuring process, independent evaluation of large value restructuring is mandated with a focus on viable plans and fair sharing of losses between promoters and creditors.
To protect the interests of customers, the RBI banned zero per cent interest rate schemes for purchase of consumer goods through credit cards. No additional charges can be levied on debit card payments.
The RBI directed banks not to impose a fixed fee for sending transaction SMS alerts to customers.
"With a view to ensuring reasonableness and equity in the charges levied by banks for sending SMS alerts to customers, banks are advised to leverage the technology available with them and the telecom service providers to ensure that such charges are levied on all customers on actual usage basis," the RBI said.