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RBI circular

Tension of borrowers increased due to RBI order, personal loan will be expensive, fine imposed on many banks also

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RBI Bond: Earning of Rs 40 thousand every six months, income will be there for 7 years, know how

RBI on Personal Loan: reserve Bank of India (rbi) has increased the problems of personal loan takers. The apex bank has banned banks and non-banking financial companies (NBFCs).NBFC) has tightened the rules related to personal loans considered unsecured. The Reserve Bank has increased the risk weight by 25 percent. However, giving some relief to the … Read more

Banks will not be able to recover penalty interest due to delay in filling loan EMI, RBI issued new notification

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Banks will not be able to recover penalty interest due to delay in filling loan EMI, RBI issued new notification

Mumbai : If you have taken a loan from any bank in India and for some reason could not pay its EMI (monthly installment) on time, then after doing so, the bank used to add interest on interest after imposing penalty on you. Now, after the delay in paying the EMI, banks will impose penalty … Read more