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RBI proposes new norms for LSPs to promote transparency

RBI proposes new norms for LSPs to promote transparency
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RBI proposes 'digital-view' of loans to ensure transparency to borrowers

RBI proposes 'digital-view' of loans to ensure transparency to borrowers
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RBI proposes norms for aggregators of loan products

FALAKNAAZ SYEDMumbai, April 26The Reserve Bank of India (RBI) on Friday said that lending service providers (LSPs), acting as agents of banks, should provide a digital view of all the loan offers.

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RBI sets draft norms for web aggregators of loan products

The RBI set these terms in the draft guidelines for the regulatory framework for the aggregation of loan products by lending service providers (LSP) in order to enhance transparency and enable borrowers to have prior information about potential lenders.

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Canara Bank launches loans for healthcare, savings accounts for women

Canara Bank introduces Canara Heal loan for hospital expenses, Canara Angel savings account, and various other products like Canara ReadyCash. It also collaborates with Reserve Bank Innovation Hub for digital services to self-help groups.

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India
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