- December 8, 2023
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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In a bid to curb quid pro quo in lending, the RBI will introduce new regulations that will prevent loans to entities that wield influence over lending institutions. RBI will also revamp rules for loan aggregators to ensure they act in borrowers’ interest by offering them correct choices.The proposed changes are part of RBI’s ongoing review of prudential norms, which are typically tightened during periods of high credit growth. In the preceding month, the central bank had increased the risk weight for consumer loans to curb their expansion.
