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Letters to the Editor dated May 9, 2024 - The Hindu BusinessLine

Letters to the Editor dated May 9, 2024 - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

City ofUnited kingdomAndhra pradeshNew delhiTamil naduHaridasan rajanNarendra modiSam pitrodaVinod johriKaturu durga prasad raoSerum institute of india pvtHigh courtPrime minister narendra modiKey facts statementThrombocytopenia syndromeSerum institute

Editorial RBI must crack down on lenders cheating small borrowers

Editorial RBI must crack down on lenders cheating small borrowers
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Medium enterprisesReserve bankKey facts statement

digital lending: Lending service providers may have to provide digital view of all offers: RBI

The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would require lending service providers (LSPs) to digitally share all available loan offers from willing lenders with borrowers. This move aims to empower borrowers by providing a clear view of their loan options, including details like lender names, loan amounts, interest rates, and key terms. The RBI also emphasizes the need for unbiased content, prohibiting LSPs from favoring any particular lender.

Reserve bankRegulated entityDigital lendingLoan offersLending service providersKey facts statementReserve bank of india rbi

RBI retains repo rate at 6 5% for sixth time in a row(2nd Ld)

Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has retained the repo rate at 6.50 per cent for sixth time in a row.The repo rate is the rate at which the RBI lends to the .

Tamil naduShaktikanta dasJayanthr varmaMonetary policy committeeBank rateReserve bankKey factsKey facts statement

RBI Asks Lenders To Merge Loan Processing Fees, Documentation Charges Into Actual Interest Rates

RBI Governor Shaktikanta Das said this will provide customers with a clear idea of the actual annualised interest rate they pay on the loan

Shaktikanta dasReserve bankKey facts statementLoan processing feesOan documentation feesCtual interest ratesBi on merger of processing fees into interest rateKey fact statement