bank loans

Banks must provide simple KFS to borrowers on terms of loans: RBI

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Reserve Bank of India Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed decisions. All regulated entities, such as banks … Read more

Luxury car financing market surges as more Indians trade up

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Sales of luxury vehicles are growing at a quick pace in India, so is the demand for loans to finance those purchases. Banks such as HDFC Bank, ICICI Bank, Bank of Baroda, Axis Bank and Kotak Mahindra Bank, as well as non-bank lenders and captive financiers of automakers like Mercedes-Benz and BMW are seeing a … Read more