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digital lending: Lending service providers may have to provide digital view of all offers: RBI

The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would require lending service providers (LSPs) to digitally share all available loan offers from willing lenders with borrowers. This move aims to empower borrowers by providing a clear view of their loan options, including details like lender names, loan amounts, interest rates, and key terms. The RBI also emphasizes the need for unbiased content, prohibiting LSPs from favoring any particular lender. ....

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RBI announces auction sale of Govt. securities of Rs 32,000 crore

The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and it aims to facilitate the sale (re-issue) of Government Securities through a multiple price-based method. ....

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Chhatarpur based Sadbhav Nagrik Sah Bank penalized

The Reserve Bank of India has imposed a monetary penalty of ₹1.00 lakh on Sadbhav Nagarik Sahakari Bank ....

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Why business curbs are new weapon in RBI armoury

MUMBAI: For big banks, a penalty slapped by RBI for violations had as much impact as a traffic violation fine for a BMW owner. ....

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RBI directs banks for greater vigilance on Forex trading and report unauthorised trading to ED

The Reserve Bank of India (RBI) has issued a directive to banks regarding instances of unauthorized forex trading activities by certain entities. ....

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