New Bank Loan Rules

2024 • 5min • News • Business


Published On: April 16, 2024 - In order to boost transparency in India’s banking system, RBI has issued the latest guidelines for borrowing of loans. As a result, all banks and finance institutions will provide key fact statements to loan borrowers which will include details on fees and annual credit cost. These guidelines are to be implemented from 1st October, 2024. Join News9’s Shweta Kothari and Kartik Malhotra for more details.