Reserve Bank of India Act

Seeking loan from banks, SFBs? RBI asks banks, REs to mention all charges in Key Fact Statement

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Seeking loan from banks, SFBs? RBI asks banks, REs to mention all charges in Key Fact Statement

The Reserve Bank of India (RBI) has directed all banks and regulated entities that it cannot levy additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). It said that from October 1, 2024, banks will be bound by the terms of the loan indicated in the Key Fact Statement … Read more

RBI working on digital currency, pilot projects likely in near future: Dy Guv

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New Delhi: The RBI is working on phased introduction of its own digital currency and is mulling pilot projects in wholesale and retail segments in the near future, Deputy Governor T Rabi Sankar said on Thursday. He also said several countries have implemented specific purpose Central Bank Digital Currencies (CBDCs) in the wholesale and retail … Read more