RBI circular

RBI says depositors can seek premature withdrawal of NBFC deposits. Details here

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RBI says depositors can seek premature withdrawal of NBFC deposits. Details here

Have you ever wondered what you would do if you had a fixed deposit with an NBFC but wanted to prematurely withdraw it due to an emergency? Well, the latest guidelines issued by the Reserve Bank of India (RBI) make provision for this. The banking regulator released a regulatory framework via a circular dated August … Read more

Looking for a bank loan? Come January 1, RBI’s new fortnightly credit reporting rule to help borrowers

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Looking for a bank loan? Come January 1, RBI’s new fortnightly credit reporting rule to help borrowers

The Reserve Bank of India (RBI) recently instructed banks and credit information companies (CICs) to update the credit information they collect at shorter intervals, i.e. once a fortnight rather than once a month. The instructions were issued on Thursday via a notification after the monetary policy statement by RBI Governor Shaktikanta Das. The central bank … Read more