With a view to consolidate the existing regulatory instructions on the topic on an ‘as-is’ basis, the draft of Reserve Bank of India (Credit Information Companies – Managing Risks in Outsourcing) Directions 2025 has been issued for public comments.

With a view to consolidate the existing regulatory instructions on the topic on an ‘as-is’ basis, the draft of Reserve Bank of India (Commercial Banks – Interest Rates on Advances) Directions 2025 has been issued for public comments.

The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances

RBI had deregulated the interest rate on advances charged by Scheduled Commercial Banks (SCBs) with effect from October 18, 1994, except for loans up to ₹2 lakh.