Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI

Monday, 15 April 2024
The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR).

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Disclose all loan fees upfront from Oct 1: RBI

The Reserve Bank of India (RBI) has mandated banks and finance companies to provide borrowers with a comprehensive key facts statement starting from October 1....
IndiaTimes on April 15, 2024

RBI Tells Banks To Inform Borrowers Regarding Key Facts Statement Of Loan From October 1: Check 8 Key Points

RBI said that credit card receivables are exempted from the provisions.
Zee News on April 16, 2024

Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI

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Disclose all loan fees upfront from Oct 1: RBI

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