The RBI proposed clearer rules for banks and NBFCs on loan spreads and APRs to enhance transparency in borrowing. The draft aims for a unified framework by 2027, allowing better comparison of loan costs, including a ceiling on APR for small loans.
The RBI proposed clearer rules for banks and NBFCs on loan spreads and APRs to enhance transparency in borrowing. The draft aims for a unified framework by 2027, allowing better comparison of loan costs, including a ceiling on APR for small loans. by Soban News (international And National News)