RBI Notification on Responsible Lending Conduct: Streamlining Property Document Release for Personal Loans

Insights by: Shammi Khanna & Jaydeep Saha Introduction The Reserve Bank of India (RBI) directed banks, Non-Banking Finance Companies (NBFCs) and Asset Reconstruction Companies (ARC) by issuing a notification vide no. RBI/2023-24/60 dated September 13, 2023, on responsible lending conduct: release of movable/immovable property documents on repayment/settlement of personal loans.Theseguidelines are aimed at ensuring responsible […]