News for 'banking-ombudsmen'

Prepayment penalty on home loans to be scrapped

Prepayment penalty on home loans to be scrapped

Rediff.com25 Oct 2011

Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks.

RBI turns heat on banks over service charge hike

RBI turns heat on banks over service charge hike

Rediff.com27 Apr 2007

The hike in service charges by commercial banks has come under the Reserve Bank of India lens.