RBI sets 30-day deadline for banks and NBFCs to release property documents after loan settlement
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
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Sovereign Gold Bond scheme 2023-24: Last two days for subscription - Check price, discount, interest rate and other details
Sun, Sep 10, 2023
Sovereign Gold Bond Scheme 2023-24: Today is the fourth day of the subscription and the issue price for the Sovereign Gold Bond Scheme 2023-24 Tranche 2 has been fixed at Rs 5,923 per gram by the Reserve Bank of India.
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Credit Card: Not using your credit card for long? Should you close it or continue?
Tue, Sep 05, 2023
People often leave their credit cards unused, increasing the chances of the card being deactivated. Even if you don’t use a credit card, the card issuer may still continue to levy annual fees and charges.
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RBI, Centre have reined in inflation; weather plays spoilsport: Experts
Sun, Aug 27, 2023
The government's supportive policies also include legislative initiatives such as the implementation of the goods and services tax (GST), which has decreased market fragmentation and hence increased price discovery for a variety of items.
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!["Focusing on NBFCs: How Much Will Company Loan Growth Increase? Future Business Growth Prospects](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2023/08/24/257660?itok=XXhwTNjx ""Focusing on NBFCs: How Much Will Company Loan Growth Increase? Future Business Growth Prospects")
RBI Udgam Portal: Registration, login link and how you can find your unclaimed deposits in SBI, PNB, more banks
Sat, Aug 19, 2023
The RBI said that through the new portal, users will be able to identify their unclaimed deposits or accounts and then either claim the deposit amount or make their deposit accounts operative again.
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Loan Resetting: RBI allows these floating rate loan borrowers to change EMIs and loan tenures
Sat, Aug 19, 2023
At the time of sanction of EMI based floating rate personal loans, REs are required to take into account the repayment capacity of borrowers to ensure that adequate headroom/ margin is available for elongation of tenor and/ or increase in EMI, in the scenario of possible increase in the external benchmark rate during the tenor of the loan.
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Money Tips: How to identify a fake currency note? Where should you report it?
Fri, Aug 18, 2023
According to the Reserve Bank of India guidelines, if you have received a fake note in a transaction, and do not remember where you got it from, you need to inform the bank or the police. Circulation of counterfeit currency is a punishable offence under Section 489A of the Indian Penal Code (IPC).
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