Rbi Guidelines News

Digital lending has concerns like engagement of third parties, data privacy breach, unfair business behaviour, unethical recovery tactics, etc. The RBI indicated that these needed to be reduced because they were disrupting consumer trust, and for that reason, they have come up with new rules.

Earlier in October, the regulator had increased the single borrower limit for NBFCs (not financing infrastructure) from 10 per cent to 15 per cent of capital funds

In April, RBI had issued a circular saying that security agencies transporting cash for banks must have a minimum net worth of 100 crorea requirement that could force about 60 companies to shut shop

RBI will issue revised guidelines for interoperability among prepaid payment instruments such as paper coupons, mobile wallets or electronic formats

RBI is waiting for a gazette notification on getting the peer-to-peer lenders under its regulatory ambit before coming out with guidelines on the sector, says a senior official

Move only after receiving operational guidelines from RBI, even though the centre announced the relaxation earlier this week, say bankers

RBI guidelines issued Thursday asks banks to frame clear policies for cleaning up their balance sheets of Rs6.3 trillion in bad loans

With just 10 days left in tenure, RBI governor Raghuram Rajan has unleashed measures that could change the way firms borrow

Banks will now be required to set aside higher provisions and assign higher risk weights for loans to large companies beyond a certain limit

A customer can fill in details such as her name in any scheduled regional language and can even sign the cheque in that language