Date for interest charging by banks: The Reserve Bank of India did onsite review of banks and other financial institutions to check how len...

The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would...

The banking regulator has directed regulated entities (RE) to issue KFS to retail borrowers and small businessmen, effective October 1, 202...

The Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key f...

Industry stakeholders are of the view that this is a win-win situation for both lenders and borrowers. They expect it to bolster financial ...

Actual 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...

The Reserve Bank of India's Governor-led Monetary Policy Committee (MPC) concluded its recent meeting, maintaining the repo rate at 6.5%. T...

Analyst estimates are mixed. A Macquarie report citing the company's investor presentation said out of the 3,580,000 customers added in the...

The Reserve Bank of India (RBI) has prohibited Bajaj Finance, India's top consumer financier, from approving loans for two products, citing...

The management said that there is nothing on table as of now regarding risk of increase in commission payouts to SBI.

Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application thr...

The Reserve Bank of India (RBI) has issued a circular on August 18, 2023 on penal charges that banks and other lending institutions can cha...

Banks and non-banking finance firms (NBFCs) in India have been barred from imposing penalties in case of any default of the contract's term...

According to the RBI FAQ, "If the loan turns delinquent and the recovery agent has been assigned to the borrower, the particulars of such r...

The working group on "Digital Lending includes Lending through Online Platforms and Mobile Apps" provided feedback, which was used to solid...

The Reserve Bank of India (RBI) on Wednesday said that based on the inputs received from the Working Group on 'digital lending including le...

After SEZs, it is the petrochemicals, petroleum and chemicals investment regions (PCPIRs) for oil companies.