RBI issues guidelines on loans to landless farmersPress Trust of India
While Home Loans often offer a maximum tenure of up to 20 years, the specific terms can vary depending on the lender and the loan product you choose. Understanding the tenure and choosing one that aligns with your financial goals is essential. RBI Guidelines for Loan Against Property When co...
The bank mustensure compliance with theRevision to the Guidelines on Securitisation Transactionscircular issued by the RBI in 2012. The guidelines also cover theMinimum Holding Period (MHP), which stipulates that banksmust retain a certain portion of co-lending loans for a certain period. For examp...
2. Recovery of Penal Charges on Loans In terms of extant guidelines, Regulated Entities (REs) have the operational autonomy to formulate Board approved policy for levy of penal interest on advances which shall be fair and transparent. The intent of penal interest was essentially to inculcate a ...
The new guidelines need to be complied with for existing loans by the end of November, and immediately for new loans or new customers. Along with these, the RBI has also listed multiple issues for the next round of discussions with stakeholders. ...
While the internal audit function itself is a core management process, the Outsourcing Guidelines in the same lines allows regulated entities to engage internal auditors on a contractual basis. This means external professionals can be brought in to execute internal audits, provided their engagement adhe...
29 April, 2022 Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs25 July, 2022 Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022SRO 01 April,2018 Cap on Over indebtedness ...
1. Guidelines for digital lending to protect borrowers issued by RBI. As per the new guidelines by RBI, regulated entities cannot store borrowers' data except for some basic minimal information. The lender can now only store information like the name, address, contact details of the customer, ...
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.
Currency Management: The Assistant may be assigned the task of issuing and circulating new currency notes, ensuring compliance with RBI guidelines. Email Communication & Record Keeping: Handling and replying to official emails is an essential part of the job. The Assistant must maintain records of ...