RBI loan rules 2026: Banks may need borrower consent to change loan benchmark; know what happens to your EMI
· livemint.com
RBI has proposed new rules requiring lenders to obtain borrower consent before migrating existing benchmark-linked loans to a new framework. The draft also says the migration cannot increase the prevailing interest rate or attract any fee.
Borrowers with floating-rate loans could get greater protection from changes in the benchmark used to determine their interest rate under a new framework propos...