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What is Key Fact Statement 📃 Recently, RBI has made mandatory for banks to provide customer a Key Fact Statement. A Key Fact Statement or KFS is a document that has key information regarding a loan agreement, including the all-in-cost of the loan, in a simple and easy-to-comprehend format. So whenever you go bank to bank for loan purpose, firstly ask them about key fact statement. Follow @marketians for more interesting stuff 😇❤️ . . [ Shaktikanta Das, Reserve Bank of India, RBI, Key Fact Stat
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