RBI Implement Transparent Guidelines for Resetting Floating-Interest Rates on Loans
The Reserve Bank of India (RBI) has taken a significant step towards enhancing borrower transparency and empowerment in the lending landscape. On...
MAS Team | 18 August 2023
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RBI releases guidelines for banks on penal charges, bringing some comfort to borrowers
The Reserve Bank of India (RBI) has released a draft circular for banks to ensure fair lending practices, particularly in the disclosure of penal...
MAS Team | 14 April 2023
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Borrowers Don't Have to be Told Individually About Change in Rates: Consumer Court
The national consumer court has ruled that banks are not required to inform each borrower individually about any automatic change in interest rates...
MAS Team | 17 December 2022
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Now File Unresolved Credit Score Complaints With RBI Ombudsman
Customers of registered credit bureaus can now approach the Reserve Bank of India (RBI) for faster resolution of their credit scores and related...
MAS Team | 13 August 2022
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HDFC Raises Home Loan Interest Rate by 50 bps
Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its...
MAS Team | 10 June 2022
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Banks Follow in RBI’s Footsteps, Start Rate Hikes
Close on the heels of the Reserve Bank of India (RBI)’s surprise increase of 40 bps (basis points) in its repo rate to tame the rising...
MAS Team | 07 May 2022
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Latest Financial Fad: ‘Buy-Now, Pay-Later’ Loans Fuel India’s Festive Recovery
Indian consumers are raking up buy-now-pay-later (BNPL) installment plans to purchase everything from washing machines to vacations online as the...
MAS Team | 14 October 2021
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HDFC cuts home loan rate to 6.7% as part of festive offer
Non-banking financial company HDFC has announced a festive offer on home loans starting from 6.70%, writes The Economic Times.
MAS Team | 24 September 2021
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SBI waives processing fees, cuts home loan interest rate to 6.7%
As part of its festive season, the State Bank of India (SBI) will be offering credit score linked home loans at 6.7%, irrespective of the loan...
MAS Team | 17 September 2021
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Assessing Parent’s Financial Position Not Required for Education Loans, states Kerala High Court
The Kerala High Court recently held that repayment possibilities of education loans should not be assessed based on the financial position of the...
MAS Team | 16 July 2021
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SBI Offers Kavach Personal Loan of Rs 5 lakh with 8.50% Interest for Covid Treatment
State Bank of India has launched a special personal loan – Kavach – for its customers and their family members who have got Covid.
MAS Team | 09 July 2021
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RBI Directs HDFC Bank To Refund GPS Device Commission Mis-sold to Auto Loan Customers
In a remarkably tough action rarely seen from regulatory authorities in India, HDFC Bank Ltd has been asked to refund commission it earned from GPS...
MAS Team | 19 June 2021
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Housing loan market rebounds with 9.6% growth; loan delinquencies on the rise
The housing loan market in the country witnessed a rebound and registered a year-on-year growth of 9.6% in terms of portfolio outstanding (PoS) in...
MAS Team | 22 May 2021
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Private sector banks failed in passing benefit of low interest rates to borrowers
Private sector banks failed to match the Reserve Bank of India's reduction in the interest rate in the past year to ease the pain inflicted by...
MAS Team | 07 May 2021
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Education loan demand rose in pandemic; 3 lakh new borrowers added
Demand for education loans rose to a record level in 2020 despite the pandemic, writes The Economic Times.
MAS Team | 19 February 2021
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Small personal loan disbursements are up five times in 2 years
According to a report by credit bureau CRIF High Mark, the share of small-ticket loans in personal loans disbursed during the last two years has...
MAS Team | 19 December 2020
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HDFC CEO expects lower home loan interest rates to continue for the next 12 months
The existing home loan rates are at their lowest level in the last four decades and this benign regime is expected to continue for another six to...
MAS Team | 27 November 2020
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Waiver of interest-on-interest scheme to be implemented by 5 November
The Reserve Bank has asked all lending institutions, including non-banking financial companies, to implement the waiver of interest on interest for...
MAS News | 29 October 2020
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LIC Housing surpasses pre-Covid business levels in September
Mortgage lender LIC Housing has surpassed pre-Covid business levels in September and expects the momentum to continue with the onset of the festive...
MAS Team | 10 October 2020
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55% borrowers want to restructure their loans, finds Paisabazaar Survey
A survey conducted by Paisabazaar.com found that 55% of its respondent would approach their lender to restructure their loans. Further, within those...
MAS Team | 01 October 2020
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