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New norms to curb loans to influential borrowers
Credit: IndiaTimes- Published on December 8, 2023
In a bid to curb quid pro quo in lending, the RBI will introduce new regulations that will prevent loans to entities that wield influence over lending institutions. RBI will also revamp rules for loan aggregators to ensure they act in borrowers' interest by offering them correct choices.The proposed changes are part of RBI's...