No prepayment penalty on business loans: RBI’s big relief for individuals and small enterprises | Mint

No prepayment penalty on business loans: RBI’s big relief for individuals and small enterprises | Mint

Source: Live Mint Mumbai, Jul 2 (PTI): The Reserve Bank of India (RBI) on Wednesday instructed banks and other financial institutions not to levy any pre-payment charges on all floating rate loans and advances, including those taken for meeting business objectives by individuals and micro and small enterprises (MSEs). These new rules will be enforced…

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RBI to fix credit report errors — here’s how a big change will impact your credit score | Mint

RBI to fix credit report errors — here’s how a big change will impact your credit score | Mint

Source: Live Mint In a major move to enhance credit score accuracy and minimise reporting discrepancies, the Reserve Bank of India (RBI) has proposed making a unique borrower identification number mandatory for all loan accounts. As reported by the Times of India, this initiative is expected to bring greater transparency and consistency to the country’s…

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Indian stock market: Sensex, Nifty 50 rise for fourth straight month as financials, tech lead; gain 17% from April lows | Stock Market News

Indian stock market: Sensex, Nifty 50 rise for fourth straight month as financials, tech lead; gain 17% from April lows | Stock Market News

Source: Live Mint Indian stock market today: The Indian stock market ended the last trading session of June in the red, as investors booked profits following the strong rally seen over the previous four sessions. Nevertheless, the market closed the month in the green for a fourth consecutive time, with the Nifty 50 ending up…

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