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Prepayment penalty on home loans to be scrapped

Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks. "It is proposed to implement the......

Bank frauds: Limited liability for customers?

If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code Kumar Karpe, chief executive officer (CEO), TechProcess Payment Services, an electronic payments......

11 banks join RBI banking codes board

Eleven commercial banks have joined the Reserve Bank of India to set up the Banking Codes and Standards Board of India.The board would function as an autonomous body that would lay down a......

'India has adequate forex to manage challenges'

India has reasonable level of foreign exchange reserves to deal with the current market situation, according to Reserve Bank of India Deputy Governor S S Mundra. Speaking to reporters on the......

RBI plans radical overhaul of customer protection norms

In measures aimed at protecting banking consumers, the Reserve Bank is in the process of formulating strict guidelines to discourage lenders from mis-selling and to hold them accountable for all......

Bcsbi

News for Bcsbi

Prepayment penalty on home loans to be scrapped

Bank frauds: Limited liability for customers?

11 banks join RBI banking codes board

'India has adequate forex to manage challenges'

RBI plans radical overhaul of customer protection norms

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