The Reserve Bank of India (RBI) imposed penalties on Equitas Small Finance Bank and India Post Payments Bank for regulatory compliance defi...

The Reserve Bank of India has approved the merger of the National Co-operative Bank Ltd., Bangalore with Cosmos Co-operative Bank Limited, ...

Central bank governor’s announcement to cover floating rate term loans sanctioned to individual borrowers for non-business purposes.

RBI asks banks to be more transparent in resetting of interest and EMIs of floating rate home loans under external benchmark based lending ...

The RBI, which has taken over the regulation of HFCs about a year ago, has come up with a revised regulatory framework for the HFCs. Among ...

Foreclosure charges are part of the fee income for any lender and adds to its bottomline.

As per RBI norms, no foreclosure charges shall be levied on floating interest rate loan to individuals by the earlier housing finance insti...

The latest decision has brought uniformity in the market as both banks and non-banks are on the same page with regard to prepayment of floa...

Following the Reserve Bank's move to allow minors to open and operate accounts, SBI today said it will start a special scheme for children ...

RBI said banks should consider allowing their borrowers the facility of prepaying floating rate term loans without any penalty in the inter...

The Reserve Bank today asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest r...

In a relief to borrowers, the RBI today asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating int...

Removal of prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers.

Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties char...

The Reserve Bank of India has expressed its displeasure with a section of banks levying high prepayment penalty on foreclosure of housing l...

The Reserve Bank of India may ask banks to ease foreclosure burden if borrowers are willing to prepay loan.

Charges disadvantage those wanting to pay off a loan or move to one offering better terms. Proper loan tenure | Tax deduction on home loan ...