RBI proposes tighter loan pricing rules: External benchmark norms, APR caps and key changes explained for borrowers
· livemint.com
The RBI has proposed a common framework for loan pricing, including benchmark-linked rates, board-approved pricing policies and tighter rules on loan spreads. The draft also proposes APR caps for small-value and microfinance loans.
The Reserve Bank of India (RBI) has proposed a harmonised framework for determining interest rates on loans, seeking to make lending practices more transparent ...