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RBI directs lenders to review their lending practices in line with fair practice code

Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sanctioning or execution of the loan agreement rather than from the date of disbursement.

Reserve bankFair practices codeFair practice codeRegulated entitiesUnfair practicesLoan disbursementOnline account transfersReserve bank of indiaExcess interest

Digital Personal Data Protection Act, 2023 - Impact on Banking Sector Outsourced Services

The article discusses the relation between the Digital Personal Data Protection Act 2023 and the RBI’s 2023 Master Direction on Outsourcing of Information Technology Services.

Computer emergency response teamRegulated entitiesComputer emergency responseData protection boardMaster directionsRegulated entityDigital personal data protection act 2023Impact of dpdp act on banking sectorMaster direction on outsourcing of information technology servicesConsent managersService providersDsk legalAvinash kumar khardAbhishek mitra

AIFs seek capping of NBFC investments into funds at 10% of corpus

The ask comes on account of concerns relating to independence with respect to investment decision making in certain AIFs which has high share of their corpus from NBFCs.

Siddharth paiCapital associationIndian ventureAlternate capital associationReserve bankAlternative capitalRegulated entities0 percent cap on nbfcEvergreening of loansIf body

SBI plans incognito visits exercise to its branches to monitor customer services

SBI plans incognito visits exercise to its branches to monitor customer services
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.

Dinesh kumar kharaState bankChairman dinesh kumarRegulated entitiesMoney laundering actKnow your customerAnti money laundering

Digital Lending Apps To Be Authorized Through A New Agency

Digital Lending Apps To Be Authorized Through A New Agency
medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.

Shaktikanta dasDepartment of financial servicesInformation technology meitIt ministryMinistry of electronicsGoogle playMinistry of informationDigital india trust agencyReserve bankEconomic timesGoogle play storeFinancial servicesRegulated entitiesUnion finance ministerInformation technology