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Charging of interest rates: RBI detects overcharging by banks, asks them to refund borrowers

The Reserve Bank of India (RBI) has come across instances of lenders resorting to certain unfair practices in charging of

Reserve Bank of India (RBI) has asked banks and NBFCs to provide all borrowers from retail and micro and small

Sebi said it will increase the monetary threshold to define large corporate borrowers from the earlier lower limit of Rs.100

RBI has issued draft guidelines on classification of wilful defaulters, expanding the definition of the term and mandating lenders to

An RBI circular that requires lenders to take a quick call on classifying wilful defaulters will also allow borrowers to

RBI has directed lenders to levy penalty for default by borrowers as ‘penal charges’ and not as ‘penal interest’ which

State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting

RBI is worried about the long extension of home loan tenures. Deputy governor M Rajeshwar Rao said that the regulator

Reserve Bank of India deputy governor Rajeshwar Rao warned microfinance lenders against irresponsible lending and asked them to grow business

RBI has increased the upper limit of home loan amount by at least 100% for the individual borrowers of Primary