Home Loan Insurance: While not mandatory, RBI strongly recommends considering Home Loan insurance. This insurance acts as a safety net, safeguarding your Home Loan in the event of unforeseen circumstances, such as your unfortunate demise. Opting for Home Loan insurance alleviates the burden on your...
, details of the security/collateral for the loan, details of the insurance, conditions for disbursement of the loan, repayment of the loans and interest, procedure to be followed for recovery, the date on which annual outstanding balance sheet will be issued, and details of the customer ...
1. Insurance Regulatory and Development Authority of India (IRDAI) entered the Silver Jubilee year on 19 April 2024. As IRDAI celebrates its Silver Jubilee (25th anniversary), its focus is on implementing the reforms announced in March. IRDAI was constituted as the Insurance Regulatory and Devel...
While the RBI keeps referring to this whitelist of digital lending apps to defend its efforts in curbing predatory loan apps, there is not much clarity on who has this list and what names it contains. MediaNama had filed multiple right-to-information (RTI) requests with the Reserve Bank of ...
There were some significant supervision issues found in its gold loan portfolio. RBI found loan-to-value ratio violations. RBI has imposed business restrictions on the company with immediate effect. When a special audit that the RBI will conduct is finished, the restrictions will be reconsidered. ...
Ajay Kumar, Partner at Triumvir Law, referenced a past incident when WhatsApp was down for a day, stating, “You didn’t just have a problem in your home. You had a Government of India problem because the Government of India used to work on WhatsApp.” He emphasized the importance of ...
At RBI Private Lending, we’ve offered highly competitive private loans since 2015. We aim to provide our customers who have limited access to credit, with the lowest available rates and fees.
Card-issuers shall ensure adherence to the guidelines on “Managing Risks and Code of Conduct in Outsourcing of Financial Services” as amended from time to time. 29. Compliance with Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing o...