Rbi Personal Loans

• 

  Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data

  Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.

• 

  SBI Sees Minimal Hit From Tighter Rules For Personal Loans

  State Bank of India, the country's top lender, expects minimal impact on its capital ratios from the central bank's tighter rules for personal loans, its chairman told Reuters in a phone interview.

• 

  RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge

  The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.

• 

  For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details

  The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.

• 

  Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending

  Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.

• 

  These Banks Have Raised Key Rates After RBI's Repo Rate Action

  Just a day after RBI raised the repo rates, ICICI Bank on June 9 increased its external benchmark lending rate by 50 bps to 8.60 per cent

• 

  HDFC Bank Hikes Lending Rate Twice In A Month, EMIs To Get Costlier

  With the increase in MCLR rates, EMIs on a variety of loans including housing, vehicle and personal loans will go up

• 

  Non-Food Bank Credit Growth Slid In May 2021: RBI Data

  Non-food bank credit growth decelerated and stood at 5.9 per cent in May 2021 as compared to 6.1 per cent in May 2020, as per RBI data.

• 

  Google Says It ‘Immediately Removed’ Personal Loan Apps in India Violating User Safety Policies

  Google India on Thursday revealed that it “immediately removed” personal loan apps violating its user safety policies. The company reviewed hundreds of personal loan apps in the country based on reports it received from users and government agencies.

• 

  RBI Cautions Borrowers Against Use Of Unauthorised Apps Offering Quick Loans

  The central bank said that users should never share copies of KYC documents with unidentified persons or unverified mobile applications, and report such apps to law enforcement agencies

• 

  Loan Restructuring Proposal To Prolong Banks' Bad Loan Uncertainty: Rating Agency Fitch

  The RBI said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and lenders

• 

  RBI Allows One-Time Restructuring Of Corporate, Personal Loans

  Bankers had pitched for a one-time loan recast of accounts facing challenges due to the pandemic

• 

  RBI Eases Loan Repayment Rules. How It Helps You

  The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the regulator complemented the government's announcement of a Rs 1.7 lakh-crore fiscal package the previous day to help the poor survive the 21-day countrywide lo...

• 

  RBI Asks Lending Firms To Allow 3-Month Delay On EMI Payments

  The Reserve Bank of India has also allowed banks for deferment of interest on working capital loans for the next three months - until June 2020.

• 

  RBI's Risk Weightage Cut On Consumer Loan Is Credit Negative: Moody's

  On September 12, the Reserve Bank of India reduced risk weightage on consumer loans such as personal loans to 100 per cent from 125 per cent.