RBI Grade BNABARD ESISEBI
In one line
These measures continue RBI’s legacies of welfare and importance actions to improve consumer protection and transparency in the financial sector.
New Guidelines (Draft Circular February 2025)
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
- No foreclosure or prepayment penalties on floating rate loans sanctioned to individuals (non business purposes).
- Business Loans
- i. Penalty A floating rate loan would not attract a penalty for individual borrowers.
- ii. Applies to all lenders except Tier I & II Primary (Urban) Cooperative Banks and Base Layer NBFCs.
- Objective
- Flexibility from the borrower side
- Reduction of financial burden on individuals and MSEs
- Lending practices to be fair
