Searched for
USURIOUS CHARGES
RBI deputy governor, J Swaminathan tells NBFCs to be fair in lendingThe RBI's concerns stem from the higher-interest some finance companies charge borrowers. In recent months, the regulator had to impose len...- RBI bans four finance companies from sanctioning and disbursing new loansThe Reserve Bank of India has banned four finance companies, including Navi Finserv and DMI Finance, from issuing new loans due to excessiv...
- Are variable pay, incentives driving risky growth at NBFCs?As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exubera...
- Micro lenders cut rates, vow to improve ops as RBI governor flags 'usurious' chargesThe industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and...
- RBI cautions micro finance lenders against usurious interest ratesThe Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by ...
- RBI to cap penal charges on loans payment missed by borrowersThe Reserve Bank of India (RBI) is set to cap the penal charges levied by the banks and non-banks related to loans payment missed by borrow...
- RBI cancels registration certificate of P C Financial Services operating 'Cashbean' app"The CoR of the company has been cancelled on account of supervisory concerns such as gross violations of RBI directions on outsourcing and...
- Cartoonist held in Tamil Nadu for caricature on CM K Palaniswami over usury: PoliceCartoonist G Bala alias Balakrishnan was arrested in Chennai by a special Tirunelveli District Crime Branch Police team led by an inspector...
- Reserve Bank to limit liability of consumers hit by transaction fraudThe central bank will also come down hard of banks which charge exorbitant fees to customers, RBI deputy governor SS Mundra announced.
- Banks are not Shylocks sucking money, customers need to pay for better service: HDFC's Aditya Puri“We are not here to charge usury costs, let us be very clear. As you go higher up on the type of product, it is perfectly reasonable to cha...
- How courts can protect farmers against usuryOn a recent trip to a rural area near Trichy, a woman from a farming community approached me with a bunch of papers seeking legal advice.
- RBI asks banks not to charge usurious interest rate on loansRBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.
- Investors return to micro-finance space with investments worth Rs 869 crore in FY13Even as lenders battle over the controversial laws by the state govt, ten investors, domestic as well as foreign, have invested $158 mn in ...
- MFIs no better than money lenders, must be regulated: YV ReddyAmid the crisis in the micro finance industry, former Reserve Bank governor Y V Reddy said the micro finance institutions (MFIs) should be ...
- Banks may find it tough to ensure microfinance companies don’t charge high ratesBanks will have to put in place a mechanism to verify that microfinance institutes they finance do not charge exorbitant rates to the final...
- Credit card cos breathe easy as SC refuses to vacate stay order on interestSC on Monday refused to interfere with its order that stayed an order of the National Consumer Disputes Redressal Commission which had rest...
- Credit card issuers face interest curbsMany credit card companies charge interest rates of nearly 3% a month for credit card outstanding, which on annualizing works out to more t...
- Credit, but at what price?Unsecured loans may sounds tempting, but, they carry high interest rates and also other charges.
- RBI for ceiling on personal loan ratesThe Reserve Bank of India on Monday asked all commercial banks to fix a ceiling on rates and processing charges to be levied on borrowers.
- RBI asks banks not to charge exorbitant interestAmid reports that some banks have hiked service charges, the Reserve Bank on Tuesday came to the aid of customers and asked banks not to ch...
Load More
