The RBI recently issued a set of FAQs to clarify its circular on 'Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans'. One of the key highlights of the circular ...

The Reserve Bank of India (RBI) recently released a set of Frequently Asked Questions (FAQs) regarding a circular on resetting floating interest rates on Equated Monthly Instalment (EMI)-based ...

The RBI has left it to the discretion of lenders whether they want to provide a choice to borrowers to switch over to a fixed rate at the time of re-set of interest rates on floating rate equated ...

New Delhi: The Reserve Bank of India (RBI) has given banks the freedom to offer all categories of retail loans at either fixed or floating interest rates. However, at the time of sanctioning floating ...