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Mandatory for banks to offer customers fixed interest rate product: RBI's FAQsThe Reserve Bank of India has mandated banks to provide fixed interest rate options for all equated installment based personal loans. Banks...- Are variable pay, incentives driving risky growth at NBFCs?As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exubera...
- RBI cautions micro finance lenders against usurious interest ratesThe Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by ...
- 4 ways banks are overcharging borrowers on loan interest rates, as per RBIDate for interest charging by banks: The Reserve Bank of India did onsite review of banks and other financial institutions to check how len...
- Lending service providers may have to provide digital view of all offers: RBIThe Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would...
- What's the total cost of a loan, what are the fees? Banks must explain to you in simple language from Oct 1The banking regulator has directed regulated entities (RE) to issue KFS to retail borrowers and small businessmen, effective October 1, 202...
- RBI asks banks, NBFCs to share key facts on loans with all retail, MSME borrowersThe Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key f...
- RBI move to bring transparency in MSME loans will curb hidden charges, predatory lending practices, says industryIndustry stakeholders are of the view that this is a win-win situation for both lenders and borrowers. They expect it to bolster financial ...
- No more hidden charges by banks, NBFCs to all borrowers as RBI makes declaring actual interest rate mandatoryActual interest rate on loans in Key Fact Statement: When a borrower takes a loan from a bank or NBFC, apart from interest rate, the lender...
- RBI Monetary Policy at a Glance: Here's your quick guide to know all about MPC policyThe Reserve Bank of India's Governor-led Monetary Policy Committee (MPC) concluded its recent meeting, maintaining the repo rate at 6.5%. T...
- Ban on Bajaj Finance products: What it meansAnalyst estimates are mixed. A Macquarie report citing the company's investor presentation said out of the 3,580,000 customers added in the...
- Decoding Bajaj Finance Loan Ban: What RBI's ban may cost the business and stocksThe Reserve Bank of India (RBI) has prohibited Bajaj Finance, India's top consumer financier, from approving loans for two products, citing...
- Hot Stocks: Brokerages view on SBI Life, Bajaj Finance, HAL and KPR MillThe management said that there is nothing on table as of now regarding risk of increase in commission payouts to SBI.
- RBI asks Bajaj Finance to stop disbursal of loans under 'eCOM' and 'Insta EMI Card'Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application thr...
- RBI stops banks, NBFCs from compounding penal interest on loansThe Reserve Bank of India (RBI) has issued a circular on August 18, 2023 on penal charges that banks and other lending institutions can cha...
- Lenders can't levy penal interest on loan accounts from January 1: RBIBanks and non-banking finance firms (NBFCs) in India have been barred from imposing penalties in case of any default of the contract's term...
- RBI's FAQ on guidelines for digital lending: Key detailsAccording to the RBI FAQ, "If the loan turns delinquent and the recovery agent has been assigned to the borrower, the particulars of such r...
- Borrowers must be allowed to exit digital loans sans penalty in initial look-up period: RBIThe working group on "Digital Lending includes Lending through Online Platforms and Mobile Apps" provided feedback, which was used to solid...
- RBI releases regulatory framework for digital lendingThe Reserve Bank of India (RBI) on Wednesday said that based on the inputs received from the Working Group on 'digital lending including le...
- PSU oil firms to anchor petrochem investment areasAfter SEZs, it is the petrochemicals, petroleum and chemicals investment regions (PCPIRs) for oil companies.
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