Banks request RBI to extend reporting time frame for loan related fraud

Banks have requested the Reserve Bank of India (RBI) to relax the rules on reporting loan 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 for reporting loan fraud to the RBI. Read More …

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 …