Fair Practices Code
The Fair Practices Code (‘the Code’) aims to provide to all those who will be associated with “Nahar Credits Private Limited” (‘the Company’), with the information about the practices that the Company follow in respect of the financial facilities, loans and services provided, which will facilitate its customers/borrowers to take informed decisions in respect of the financial facilities and services to be availed of by them. The code will apply to any loan that Nahar Credits Private Limited may sanction and disburse. The Company has prepared and adopted the code pursuant to Reserve Bank of India’s (RBI) Master Direction – Non-Banking Financial Company –Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 dated 01 September 2016 and updated as on 09 November 2017. The Company would update the Code to conform to the standards that may be prescribed by the RBI from time to time.