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RBI to develop platform to boost seamless digital loans amid burgeoning Fintech players

The Reserve Bank of India is developing an innovative digital platform that will enable the smooth transmission of crucial digital data to lenders, facilitating effortless credit provision. The platform will have an open structure with APIs and standards allowing all participants in the financial sector to connect effortlessly via a plug and play model. The platform will be introduced as a pilot project with a measured approach regarding access to information providers and use cases. ....

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RBI | Home loan, other borrowers can switch to fixed-rate regime: Reserve Bank of India

Unveiling the bi-monthly monetary policy, RBI Governor said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI ....

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Home loan, other borrowers can switch to fixed-rate regime: RBI

A pilot project for digitalisation of Kisan Credit Card (KCC) loans of less than ₹1.60 lakh was started in September 2022. ....

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Home loan other borrowers can switch to fixed-rate regime RBI

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

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RBI's Massive Relief For Takers Of Home Loans, Auto Loans With Choice Over Interest Type

The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. ....

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