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Loan interest rates News

RBI loan moratorium

03 Oct 2020

Centre to waive off certain interest for loans up to Rs 2 crore

Previously, the RBI and Centre had argued against waiver of interest on interest, as it would be against the interests of other stakeholders, especially depositors, and also unfair to those who have paid their dues. After the recommendations of an expert committee, the Centre has altered its stand. The Centre said the Supreme Court would be satisfied that the government bearing this burden would naturally have an impact on several other pressing commitments being faced by the nation, including meeting direct costs association with the pandemic management.

22 Jan 2015

RBI asks banks to display loan interest rates on websites

To bring in transparency, the Reserve Bank on Thursday asked banks to display loan interest rates and processing fees on their websites from April 1.

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