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RBI asks banks to disclose more credit data to borrowers

The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai  RBI asks banks to disclose more credit data to borrowers 2015 01 22T130344Z 1 LYNXMPEB0L0MH RTROPTP 2 INDIA ECONOMY CBANKThe Reserve Bank of India (RBI) on Thursday asked banks to disclose more information on lending rates and fees for greater transparency to customers from April 1 on their websites. The RBI said banks must display the range of interest rates on loans for the past quarter for different categories of advances along with the mean interest rate, the total fees and charges applicable on various types of loans.


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