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RBI GUIDELINES FOR LENDERS
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...- 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 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...
- Regulators weigh bringing insurance surety bonds under RBI's CRILCFinancial regulators are exploring adding insurance surety bond exposures to a central credit database. This move aims to provide banks and...
- Equitas to take cautious steps towards universal bank licenseEquitas Small Finance Bank is eligible for voluntary transition into a universal lender. The bank is cautious about applying after peers fa...
- RBI asks banks to install fake currency detection machines at branches along international bordersThe Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note ...
- Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understandUnderstanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as t...
- No proposal for one-time waiver of loans of small, marginal farmers: MoS FinanceThe government has no current proposal for a one-time loan waiver for farmers. The Reserve Bank of India offers financial restructuring opt...
- PNB profit to cross Rs 20,000 cr mark in FY27: MD Ashok ChandraPunjab National Bank expects its FY27 net profit to exceed ₹20,000 crore after delivering more than ₹5,000 crore in quarterly profit for fo...
- Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...
- PNB to foray in acquisition finance in third quarter: MD ChandraPunjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in ...
- Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businessesBanks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee s...
- RBI tightens governance framework, redefines bank board responsibilitiesThe RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating oper...
- Cost of free alerts: RBI’s SMS order may dent banks’ income by Rs 300 croreBanks have also been given the flexibility of dropping mandatory alerts for lowvalue transactions. However, top-draw private banks, such as...
- RBI mulls guidelines on property title searchesThe guidelines could prescribe a minimum search period, key documents and records to be verified, as well as precautions to be followed whi...
- Include infra loans in priority sector in absence of vibrant bond market: SBI economistsEconomists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate pur...
- RBI imposes Rs 66.7 lakh penalty on Bank of Baroda, GIC Housing FinanceThe Reserve Bank of India has levied significant penalties on Bank of Baroda and GIC Housing Finance for regulatory breaches. Bank of Barod...
- 'India's private credit market primed for sustained growth'India's private credit market is poised for significant expansion, projected to reach $50 billion by 2030, fueled by increasing corporate f...
- Promoters with fraud loan A/Cs may not get to join other companies as directorsThe move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not...
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