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RBI LOAN FAQS
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
- 10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and moreHome loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also i...
- How RBI’s amendments related to lending may impact lenders and borrowersThe RBI has announced significant amendments to interest rate regulations for loans, gold/silver collateral, and Perpetual Debt Instruments...
- RBI loan FAQs: Can you switch from fixed to floating interest rate when RBI cuts repo rate and vice-versa?RBI loan FAQs: Lenders are required to offer fixed interest rate options for all personal loan categories such as home loan, car loan etc. ...
- 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...
- Trouble with bank and can't find resolution? File a complaint against bank with RBI Ombudsman; who are eligible, when, where to fileRBI Ombudsman: Facing any issue with your bank? First try to solve it by filing a complaint, etc. If it is still not solved you may approac...
- Instructions on compromise settlements rationalise regulatory norms: RBIBank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise set...
- Payment aggregators acting as loan service providers cannot handle funds between the lender and the borrower“The principle underlying the Digital Lending Guidelines is that a LSP should not be involved in handling of funds flowing from the lender ...
- HDFC hikes lending rates by 35 bps; your home loan EMIs to increaseWith effect from December 20, 2022, Home Development Finance Corporation Ltd. (HDFC) increased its Retail Prime Lending Rate (RPLR) by 35 b...
- 5 banks offering lowest home loan interest ratesAs the Reserve Bank of India once again raised the repo rate by 50 basis points (bps), to 5.90% in September 2022, home loan interest rates...
- SBI hikes interest rates of repo rate linked home loansSBI has increased its home loan external benchmark lending rate (EBLR) to 7.05 percent, while the RLLR will be 6.65 percent +CRP. According...
- No specific plan needed for invoking Resolution Framework: RBI"The Resolution Framework does not require any resolution plan in any form to be submitted to the lending institutions at the time of reque...
- Interest on interest waiver: Banks start crediting accounts; FinMin issues additional FAQsFollowing directions from the Supreme Court, the government had last month announced the scheme for grant of ex-gratia payment of differenc...
- Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia reliefLast Friday, the government had announced the scheme for grant of ex gratia payment of difference between compound interest and simple inte...
- Loans against FDs, bonds, shares out of Nirmala Sitharaman's relief planFor payment to credit card holders, the relief will be calculated using the interest rate charged by the bank for converting outstandings i...
- Banks can rejig realty loans based on project, not realtorThe Reserve Bank of India (RBI) has permitted banks to restructure loans to real estate companies on the basis of the project rather than t...
- Despite moratorium, some lenders ask for March EMIsSome lenders appear to be flouting the Reserve Bank of India's (RBI) directive to banks to offer moratorium to borrowers on repayment of lo...
- BoB offers refund of March EMI to home, auto loan customersRBI has offered this option to mitigate the burden of debt servicing brought about by disruptions on account of COVID 19 pandemic. The bank...
- Seven take-aways for common-man from RBI's monetary statementObserving opaqueness in loan procedures, discrepancy in charges, RBI has proposed steps to make banking system more transparent.
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