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 […]