Floating interest rate vs fixed interest rate: What is RBI’s home loan resetting programme for borrowers?

RBI’s supervisory reviews have uncovered instances where the tenor of floating rate loans has been extended by lenders without the proper consent or communication to borrowers. To rectify this, the central bank is implementing a comprehensive conduct framework for Regulated Entities (REs).

The Home Loan Resetting Programme focuses on open dialogue between lenders and borrowers.

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