ROLE OF COMMERCIAL BANKS

Ø Lending Policies

Ø Interest Rates on Advances

Ø Surcharge on Import Loans Withdrawn

Ø Fixation of Actual Rates of Interest

Ø Withdrawal of Interest Tax

Ø Freedom to Banks in Charging Penal Rate of Interest

Ø Commitment Charge on Unutilised Portion of Credit Limits

Ø Bank Charges

Ø Default Control Measures

Ø Disclosure of Information Regarding Defaulters to Banks and Financial Institution

Ø Collection and Disseminsation of Information on Cases of Wilful Default of Rs. 25 lakh and Above

Ø Disclosure of information about Defaulters of Rs. 1 Crore and above ‑ List of Suit‑Filed Accounts ‑ Quarterly updation

Ø Guidelines on Fairs Practices Code for Lenders

Ø Foreign Exchange Dealers Association of India (FEDAI)

Ø Facilities Available from Banks

Ø Fund Based Facilities

Ø Non‑fund Based facilities