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"New RBI"

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Penal charge, interest on your loan? New RBI rules from April 1 - what borrowers should know

RBI introduces new rules on penal charges and interest, effective April 1, to prevent extra charges on loan accounts. The guidelines aim to promote responsible credit behavior, distinguish between..
IndiaTimes - Published

Now, National Common Mobility Card can be issued with a limit of Rs 3,000 without any KYC as RBI eases rules

The National Common Mobility Card (NCMC) in India, aimed at enhancing digital payments in public transport, has seen limited adoption. New RBI regulations allowing Rs 3,000 limit without KYC could..
IndiaTimes - Published

Personal loans to get costlier? Interest rates likely to rise by up to 1.5% in 2024 with new RBI rules

Personal loans are set to become more expensive in the coming year, with non-banking financial companies (NBFCs) facing difficulties due to recent rule changes by the Reserve Bank of India (RBI). The..
IndiaTimes - Published

After new RBI rules, home loan EMIs may rise

Borrower loan eligibility could drop while banks and finance companies will be forced to hike the EMI (equated monthly instalments) for some home loans when interest rates rise under the RBI’s new..
IndiaTimes - Published

India: New RBI Directions On Bank Acquisitions In India - Majmudar & Partners

Last month, the Reserve Bank of India (the "RBI") introduced master directions (the "Directions") and guidelines (the "Guidelines") for the acquisition and ownership of shares and voting rights in..
Mondaq - Published

Just a month to go, many senior citizens don’t know of locker rule change

As deadline for new RBI re-registration rule looms, seniors rue that banks have not even intimated them about it
Mid-Day - Published

Offloading retail NPAs tougher for lenders with new RBI norms


IndiaTimes - Published

'Home loan balance transfer' option for availing lower interest rates and EMI: Here is everything you need to know

RBI has removed foreclosure penalities. As per new RBI guidelines, borrowers can avail a home loan balance transfer if he/she gets lower interest rates by other lenders.
Zee News - Published

New RBI rules: Safety net for borrowers of digital loans via online platforms, mobile apps

A regulatory framework has been made available by the banking authority for fintech companies.
DNA - Published

New RBI rule for online credit, debit card transactions not applicable from January 1- Know details

While the earlier deadline for the tokenisation rule was January 1, RBI has now extended it to July 1, 2022.
DNA - Published

HDFC Bank cautions users about changed online banking guidelines: Here’s what you need to know

HDFC Bank has started alerting its customers about the new RBI guidelines that will come into effect on January 1, 2022. The bank says that starting January 1, 2022, customers’ HDFC Bank card..
BGR India - Published

New RBI schemes will give impetus to inclusive, responsive financial system: Shaktikanta Das


newKerala.com - Published

Amazon Prime monthly subscription of Rs 129: How to avail, validity, new RBI guidelines

Amazon Prime monthly subscription is available in three different models. The first one with a validity of one month, which costs Rs 129. The second one with a validity of 3 months, which costs Rs 329...
BGR India - Published

New RBI rule on recurring payment not to impact transactions with compliant merchants


newKerala.com - Published

Your credit, debit card payments may stop from next month if you don't do this

Additional Factor Authentication (AFA) will be required under the new RBI regulation, which is scheduled to be effective immediately from next month.
DNA - Published

DNA Explainer: How new RBI rules for card payments will protect consumers from fraud

The RBI recently expanded the scope of 'tokenisation,' a step that is expected to make card payments more safe, secure and convenient for users.
DNA - Published

New RBI Rules: Salary, pension and EMI payment rules to change from August 1, details here

Services of NACH will now be available seven days a week. Currently, facilities are available only when banks are open, from Monday to Friday.
DNA - Published