borrower

Kolkata: Micro-credit indebtedness per borrower should be limited to Rs two lakh, while the number of lenders to a borrower should also be limited to a maximum of four, industry self-regulatory body MFIN said on Tuesday.With almost 80 per cent of micro loans having a tenure of 18 months or...

New Delhi [India], Indian agriculture prospects are brightening with the early arrival of the south-west monsoon, according to the monthly bulletin released by the Reserve Bank of India (RBI) on Wednesday.RBI highlighted that the early arrival of south-west monsoon will boost agricultural...

New Delhi: The National Company Law Tribunal (NCLT), while accepting Jammu and Kashmir Bank's plea for default in corporate guarantee given to LEL Electricals, has directed initiation of insolvency proceedings against Himalayan Mineral Waters.The Allahabad bench of NCLT has also appointed...

LSPs are entities appointed by banks or NBFCs to perform certain functions such as customer acquisition, underwriting and loan recovery on digital platforms. In some cases, a regulated entity may also act as an LSP.RBI's draft guidelines state that banks and NBFCs should ensure that their LSPs...

Mumbai: The Reserve Bank of India (RBI) on Friday proposed that loan service providers (LSPs) acting as agents of banks should provide information to borrowers about all loan offers available with them so that they can take an informed decision.Many LSPs provide aggregation services for loan...

Mumbai, The Reserve Bank on Monday said all lenders will have to provide Key Fact Statement (KFS) about the terms of the loan agreement, including all-inclusive interest cost, to borrowers for retail and MSME loans from October 1.At present, KFS is specifically mandated in respect of loans...