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'Can't levy interest on loan amounts not received': RBI to Banks

RBI on Monday warned lenders to not levy interest from the date of loan sanction, instead of actual disbursement. ....

Fair Practices Code , Loan Disbursement , Interest Charges , Fair Lending Practices ,

Foreign banks seek leeway on LEF rules for Nostro accounts

At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. ....

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End of Paytm's existing wallet biz; Tribe Capital's India play

Happy Tuesday! Regulatory actions have crippled Paytm Payments Bank s mobile wallet business. This and more in todays ETtech Morning Dispatch. ....

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Stop Charging Extra Interest On Loan Amount Not Received, Refund Excess Charges To Customers: RBI To Banks

RBI has asked banks and financial institutions to follow fair practices in charging of interest on loans by them. ....

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Paytm Payments Bank: Paytm Payments Bank's mobile wallet business hits a nadir

Regulatory actions cripple Paytm Payments Bank s mobile wallet business, leading to a significant decline in transactions and value. Competitors like Mobikwik, PhonePe, Amazon Pay, and Slice experience growth in their wallet businesses. ....

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