Loan Guidelines

RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.

The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.

The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.

"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.

The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...

There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show a clear desire...

The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...

The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...

Dubious digital loan apps will face action from the government, including those originating outside the country, along with Indians who help set them up, Finance Minister Nirmala Sitharaman said on Tuesday. The minister was responding to a supplementary question in the Rajya Sabha on reports of dubious digital loan apps backed by Chinese entities w...

The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a Rs 800 crore loss to the bank caused due loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents

The Reserve Bank of India has removed pricing curbs on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.

External commercial borrowings are simply commercial loans that are raised by eligible resident entities from recognised non-resident entities according to the Reserve Bank.

The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...

RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.

The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.

The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.

"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.

The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...

There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show a clear desire...

The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...

The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...

Dubious digital loan apps will face action from the government, including those originating outside the country, along with Indians who help set them up, Finance Minister Nirmala Sitharaman said on Tuesday. The minister was responding to a supplementary question in the Rajya Sabha on reports of dubious digital loan apps backed by Chinese entities w...

The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a Rs 800 crore loss to the bank caused due loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents

The Reserve Bank of India has removed pricing curbs on microfinance loans given by financial institutions, the central bank said in a circular issued on Monday setting out fresh guidelines for microfinancing.

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.

External commercial borrowings are simply commercial loans that are raised by eligible resident entities from recognised non-resident entities according to the Reserve Bank.

The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...