rbi guidelines

Paytm Fastag alternatives: List of all the banks where you can get your new FASTag |

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Paytm Fastag alternatives: List of all the banks where you can get your new FASTag |

Amist the Reserve Bank of India’s (RBI) guidelines, National Highway Authority of India (NHAI) has removed Paytm from the authorised Fastag provider list. Although, RBI has extended the deadline Paytm Payments Bank from February 29 to March 15, it has also clarified in an FAQ that Fastags are not interportable and customers will need to … Read more

Loan borrowers take note! Banks not happy with RBI’s penalty charge guidelines instead of penal interest rates; seek more time

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Loan borrowers take note! Banks not happy with RBI’s penalty charge guidelines instead of penal interest rates; seek more time

Several banks have approached the Reserve Bank of India (RBI) requesting a three-month deferral of a guideline that prohibits them from imposing penal interest rates on borrowers who fail to comply with loan contracts. The RBI issued this guideline in August, mandating banks to levy a charge instead of raising interest rates for non-compliant borrowers … Read more