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RBI bars pre-payment charges by banks for transfer of floating rates loan
Updated : 10 months, 3 weeks ago IST
In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks and other regulated lenders will no longer be allowed to impose pre-payment charges on loans taken by individuals for purposes other than business.
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RBI may act against more NBFCs to check obscure lending practices: Morgan
Updated : 1 year, 7 months ago IST
Reserve Bank of India's (RBI) Thursday action against four NBFCs and asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.
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Non-lending financial service companies are better placed than banks in a
Updated : 1 year, 7 months ago IST
The non-lending financial service companies are better equipped to manage the impacts of rate cuts compared to traditional lending businesses, highlighted a report by Deven Choksey Research.
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