RBI Tightens Lending Norms to Ensure Transparency The Reserve Bank of India (RBI), in a major policy move aimed at improving credit accessibility and fairness in lending, has banned foreclosure charges on floating-rate loans extended to individuals and micro or small enterprises (MSEs). The new directive, issued on July 8, 2025, will be effective from January 1, 2026. It applies to all new and...
by Rajesh Mourya