RBI's transparent loans pricing.

Q: I heard that RBI is taking the initiative of non-discriminatory and transparent loans pricing. The RBI said that banks who are not going to follow the rules are going to suffer. What is it all about?

S Subramanium, Chennai

5th November 2011

Neighborhood Issues in Chennai

rbi

transparent loans

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The bank of India tried to help the customers financially but none of them was given the fruit neither the bank nor the loan takers. RBI does not want to face any lose in future for that they have set up a committee to look into the principles of governing proper, non discriminatory, transparent pricing for credit. RBI has also appointed a pricing committee to strengthen the corporate governance.