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India News | Home Loan, Other Borrowers Can Switch to Fixed-rate Regime: RBI

Get latest articles and stories on India at LatestLY. The Reserve Bank on Thursday 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.
India News | Home Loan, Other Borrowers Can Switch to Fixed-rate Regime: RBI. ....

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Borrowers will soon be able to switch to fixed-rate regime: RBI

The Reserve Bank on Thursday 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.

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

The supervisory reviews undertaken by the Reserve Bank and the feedback and references from members of public have revealed several instances of unreasonable elongation of tenor of floating rate loans by lenders without proper consent and communication to the borrowers, he said. ....

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RBI's arm developing digital public tech platform to enable frictionless credit delivery

RBI's arm developing digital public tech platform to enable frictionless credit delivery
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Tamil Nadu , Madhya Pradesh , Shaktikanta Das , Bank Innovation Hub , Indian Bank Association , Reserve Bank , Reserve Bank Innovation Hub , Application Programming Interfaces , Kisan Credit Card ,

India upgrades its payment infrastructure, looks to create a crypto token-powered web browser

India upgrades its payment infrastructure, looks to create a crypto token-powered web browser
kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.

Sunita Verma , Aatmanirbhar Bharat , Narendra Modi , Shri Alkesh Kumar Sharma , Bank Innovation Hub , Indian Ministry Of Electronics , Information Technology Meit , Indian Web Browser Development Challenge , Kitco News , Indian Ministry , Information Technology , Prime Minister Narendra Modi , Alkesh Kumar Sharma , Chief Vigilance Officer , Reserve Bank , Artificial Intelligence , Conversational Payment , Reserve Bank Innovation Hub , Public Tech , Application Programming Interfaces , Reserve Bank Of India , Atmanirbhar Bharat , Unified Payments Interface ,

The trends and challenges with API-first development

How APIs have changed the world of software engineering ....

Nathaniel Okenwa , Application Programming Interfaces , Developer Evangelist ,