The Reserve Bank of India is contemplating interest rate regulations for NBFCs, similar to those for banks, to improve transparency and monetary policy transmission. The RBI aims to ensure borrowers benefit from benchmark rate adjustments by moving away from outdated prime lending rate models. Additionally, the central bank plans to enhance supervision and review fair interest rate practices for NBFCs.
from Banking/Finance-Industry-Economic Times https://ift.tt/D0jFZ7A
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