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RBI Governor Urges Banks to Streamline KYC Processes and Enhance Customer Service

By Editor - News Desk March 19, 2025
Finance
Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged banks and non-banking financial companies (NBFCs) to cease the practice of repeatedly requesting ‘Know Your Customer’ (KYC) documents from customers. Speaking at the annual conference of RBI Ombudsmen, Malhotra
Finance

RBI Eases Lending Norms for NBFCs and Microfinance Institutions

By BPN News Desk February 26, 2025
The Reserve Bank of India (RBI) has eased lending restrictions on non-bank financial companies (NBFCs) and microfinance institutions (MFIs) by lowering risk weights for bank credit. This move aims to boost lending capacity and support economic growth, reversing the slowdown observed after previous regulatory measures. In November 2023, the RBI had increased risk weights
Finance

RBI Eases Restrictions on Select NBFCs Following Compliance Improvements

By Editor - News Desk January 11, 2025
RBI lifts curbs on certain NBFCs after enhanced regulatory compliance.

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