key fact statement: RBI asks banks, NBFCs to share key facts

key fact statement: RBI asks banks, NBFCs to share key facts to loans with all retail, MSME borrowers

The Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key fact statement (KFS) detailing loan agreement information, including all-in-cost. The move aims to increase transparency and disclosure in loan pricing by regulated entities.

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