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RBI directs lenders to review their lending practices in line with fair practice code

Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sanctioning or execution of the loan agreement rather than from the date of disbursement. ....

Reserve Bank , Fair Practices Code , Fair Practice Code , Regulated Entities , Unfair Practices , Loan Disbursement , Online Account Transfers , Reserve Bank Of India , Excess Interest ,

Credit cards woes form largest chunk of complaints for private banks, mobile banking for public sector banks

The largest share of public sector banks' complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said.Customer complaints rose 68 per cent YoY in FY23, with 6.69 complaints per 100,000 . ....

New Delhi , Central Bank , Elara Securities , Fair Practice Code , Strategy Framework ,

Credit cards woes form largest chunk of complaints for private banks, mobile banking for public sector banks: Report

The largest share of public sector banks complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said. ....

Central Bank , Elara Securities , Fair Practice Code , Strategy Framework , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,

Loans & advances and deposits related grievances surge in FY23: RBI

Loans & advances and deposits related grievances surge in FY23: RBI
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Processing Centre , Reserve Bank , India Ombudsman , Integrated Ombudsman Scheme , Centralised Receipt , Fair Practice Code , Banking Codes , Standards Board ,