RBI Tells Banks To Inform Borrowers Regarding Key Facts Statement Of Loan From October 1: Check 8 Key Points | Personal Finance News

New Delhi: Reserve Bank on Monday issued a circular telling banks and lenders that they will have to provide key facts statement (KFS) about the loan agreement terms, including all-inclusive interest cost to borrowers for retail and MSME loans, from October 1. “This is being done in order to enhance transparency and reduce information asymmetry […]

ABHISEK RAJPUT

April 16, 2024

0

0

Indian Consumers Still Vulnerable To Being Tricked By Illegal Loan Apps: Report | Technology News

Mumbai: One-third of high-confidence customers in India have limited knowledge about their digital loans, and lack understanding on how to detect illegal lending apps, finds a report on Tuesday. The report by the Fintech Association for Consumer Empowerment (FACE) shares insights from a customer survey conducted between December, 2023 and January, 2024 to systematically understand […]

ABHISEK RAJPUT

April 16, 2024

5

0