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03Jul 2024

RBI PROPOSES RATIONALISING EXIM NORMS

Why in the news? The Reserve Bank of India (RBI) has suggested changes to regulations governing export and import transactions. This move aims to enhance the ease of doing business and enable banks to better serve their foreign exchange customers. Source: ResearchGate Proposed Regulations RBI issued the “Regulation of Foreign Trade under Foreign Exchange Management …

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27Apr 2024

RBI DRAFTS NORMS FOR ONLINE LOAN AGGREGATORS, ENHANCING BORROWER TRANSPARENCY.

Why in the news? RBI drafts norms for loan aggregators, requiring digital overview of all loan offers to enhance transparency for borrowers. About the Regulatory Framework: The RBI proposes guidelines for banks and NBFCs to ensure loan service providers (LSPs) offer a digital overview of all loan options. The digital view must include lender details, …

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