Banks have requested the Reserve Bank of India (RBI) to relax the rules on reporting loan related fraud. They told the RBI that the existing norms are too stringent, The Economic Times (ET) reported. The banks have sought a month’s time Read More …
Tag: RBI Banking
Banks request RBI to extend reporting time frame for loan related fraud
Inclusion of climate change in policy is crucial for a strong economy
As the world copes with the repercussions of legacy emissions, there is growing pressure to achieve climate-compatible growth. Fiscal and monetary authorities will now have to be cognisant of the feedback from climate change to the economy and suitably adapt Read More …
RBI steps in to end harassment of borrowers, prohibits digital lenders from accessing smartphone data
With the news of harassment of customers by digital lenders becoming frequent – in some cases the harassed borrowers even committing suicide – the Reserve Bank of India (RBI) has decided to issue stringent guidelines to put an end to Read More …