Loan installments (EMIs) are paid on different dates within a month. Updating credit records once a month could delay showing ...

Earlier, updates were only done on credit score every month, which would delay the effect of loan repayment as it happens.

RBI mandates lenders to update credit records every 15 days, enhancing credit score accuracy and borrower representation.

The Reserve Bank of India (RBI) has implemented new restrictions on personal loans, impacting borrowers across the country. This article details the changes and their potential effects. Personal Loans ...

The revised guidelines, announced in August this year, include acceptance of public deposits like those relating to ...

Retail borrowers will be less likely to over-leverage loans in the new year. Lenders must now update credit bureau records ...

The Reserve Bank of India (RBI) has announced a policy change. Effective December 27, the new regulation enables holders of ...

Under the new guidelines, depositors can withdraw the full amount of small deposits, defined as those up to ₹10,000, within ...

RBI's New Year Gift: Starting January 1, 2025, the banking sector will see changes, including new Reserve Bank of India (RBI) guidelines for fixed deposits (FDs) offered by Non-Banking Financial ...

Currently, UPI payments from/to a PPI can only be carried out using the mobile application provided by the PPI issuer.

The RBI has allowed Prepaid Payment Instruments (PPIs) to access UPI through third-party apps, marking a significant step ...