India's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...

As India’s unsecured lending boom accelerates, collections are emerging as the next major battleground for fintechs and lenders.

Finance Minister Nirmala Sitharaman urged NBFCs to adopt fair and empathetic loan recovery practices, aligning with RBI guidelines, especia...

Reserve Bank of India Governor Shaktikanta Das criticized private sector banks for their handling of customer complaints at a Mumbai confer...

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

Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sancti...

the RBI stated that the transition to the new punitive charges regime should occur on or after April 1, 2024, but no later than June 30, 20...

Regulated entities, which include banks and NBFCs, have been asked to ensure that the instructions are implemented in respect of all the fr...

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...

The Reserve Bank of India on Monday said it has cancelled registration of Pune-based Kudos Finance and Investments and Mumbai-based Credit ...

The ministry has noted that "many of these illegal lending apps may not be regulated entities by RBI and are using bulk SMS, digital advert...

"The CoR of the (five) NBFCs have been cancelled on account of violation of RBI guidelines on outsourcing and Fair Practices Code in their ...

RBI has cautioned public against dealing with unauthorised mobile apps and financial technology firms (fintechs) and not to fall prey to th...

To make digital lending more transparent, the Reserve Bank on Wednesday directed banks, NBFCs and digital lending platforms to disclose ful...

P2P companies are in the process of forming an association with an aim to create a fair practice code within the industry players and grapp...

Industry chamber Assocham today said the revised guidelines on fair practices code for non-banking finance companies (NBFCs) will bring ade...