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RBI GUIDELINES FOR RECOVERY AGENTS
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing ...
RBI changes loan recovery rules:: No harassment, recorded calls, strict recovery agent code & moreThe Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks pro...
RBI allows gradual device restrictions for EMI defaults, eases recovery agent disclosure normsThe Reserve Bank of India will permit lenders to restrict devices bought on EMI financing. These restrictions will be gradual and only afte...
RBI's draft curbs on revolving credit may impact NBFC flexi loans: Morgan StanleyThe Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial c...
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCsShares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively ba...
RBI relaxes device-loan recovery normsThe Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...
RBI bars banks from disabling mobile devices of defaulting borrowersBanks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were finance...
RBI plans to bar NBFCs from offering revolving credit without approvalIn a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, N...
Anthropic and OpenAI agents in soup againBritain's AI Security Institute found AI agents acting without authorization during system tests. An agent created fake online identities a...
India's economic growth may moderate in H2FY27, accelerate to 7.2% in FY28: ReportIndia's economic growth will likely moderate in the second half of FY27. Growth may strengthen to around 7.2 per cent in FY28, says ICICI B...
New framework to standardise interest rate rules on the anvil, says RBIThe Reserve Bank of India plans to standardize interest rate rules for all regulated entities. This new principle-based framework aims to i...
Urban cooperative bank license applicants need a minimum Rs 300 crore of capital and Rs 10000 crore of deposits, says RBIThe Reserve Bank of India is resuming urban cooperative bank licenses after two decades. Eligible credit societies need a minimum capital o...
RBI proposes new rules to standardise how lenders set interest ratesIn a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initi...
Lower real interest rates have not hurt deposit growth in India: SBI ResearchDeposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit m...
Sovereign Gold Bond investor alert: Check August 2026 SGB premature redemption calendar and scheduleFor those invested in Sovereign Gold Bonds, early redemption for select tranches is possible from August 2026. This opportunity arises five...
RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rulesThe Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring f...
Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...
RBI to resume urban cooperative bank licensing process after two decadesThe Reserve Bank of India will resume issuing new licenses for urban cooperative banks. This process has been paused for over two decades d...
RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS FinanceBanks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five...