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The Reserve Bank on Wednesday tightened norms for digital lending to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices.
Cracking down on the increasing number of frauds and unlawful activities, the Reserve Bank of India on Wednesday...
RBI's New Rules For Credit, Debit Cards: The Reserve Bank of India (RBI) has instructed credit card issuers not to issue unsolicited credit cards or upgrade current cards without the customer's specific agreement. "The issue of unsolicited cards/upgradation is strictly prohibited," the RBI stated in its master directives on credit and debit card issuance. These guidelines will
The Reserve Bank of India (RBI) released new guidelines for the issuance of credit and debit cards, replacing nineteen existing directions.