[ad_1] MUMBAI: In a move to boost transparency, RBI has asked all banks and finance companies to provide borrowers with a key facts statement that includes data on all fees and the annual cost of credit from Oct 1 besides basic loan information. The statement should also provide details on …
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[ad_1] Borrowers often find it tough to know the exact cost of a loan and often realise that there are some “hidden surprises“.“At present, banks disclose all charges on a term sheet. However, an ordinary borrower does not always read the four-five pages of terms and conditions, so we have …
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[ad_1] RBI Governor asked entities to be “judicious” in using flexibility on the interest rates. Mumbai: Stating that some Non Banking Finance Company-Microfinance Institutions (NBFC-MFIs) are making wider net interest margins, RBI Governor Shaktikanta Das on Wednesday asked entities to be “judicious” in using the flexibility on the interest rates …
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