Tag Reserve Bank of India

RBI issues strict norms for digital lending

Digital Lending

In an effort to stop some players from engaging in illicit activity, the Reserve Bank of India (RBI) released the first set of guidelines for digital lending on Wednesday. The central bank has strengthened a regulatory framework to facilitate the…

Banks not to harass borrowers for dues, Says RBI

RBI Guidelines to RE

On Friday, the Reserve Bank of India (RBI) announced some additional guidelines to regulated entities (RE) that outsource financial services. The new rules address Recovery Agent (RAs)-related difficulties for the central bank. RBI has from time to time advised that…

RBI provides Roadmap for LIBOR Transition

RBI issue guidelines to not to harass the borrowers

The Reserve Bank of India (RBI), has issued a notification on the Roadmap for LIBOR (London Interbank Offered Rate). The RBI had, in August 2020, requested banks to frame a Board-approved plan, outlining an assessment of exposures linked to the…