The RBI is lifting the interest rate ceiling on microfinance loans, but says it will continue to check that lenders do not charge "usurious" rates.
March 23, 2022The 'Standardised Base Rate' will replace the 'Base Rate' as the reference rate for new retail floating-rate loans from 1 August 2022.
August 12, 2021Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.
July 13, 2021Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.
July 30, 2020Online loans by banks should generally not exceed a one year term or 200,000 yuan per household. Banks must ensure loan proceeds are not used for property or risky investments.
July 23, 2020The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.
June 26, 2020The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
January 10, 2020New rules requiring disclosures to customers of credit assessment procedures and loan rate calculations have been introduced by South Korean regulators.
January 23, 2019