RBI forces Indian banks to reduce consumer costs in the middle of Retail Lending Boom

With reimbursements ranging from 0.5% to 2.5% on loans and significant differences between banks, the RBI and the Indian Banks’ Association hold discussions about standardizing costs in more than 100 retail products. | Photocredit: Francis Mascarenhas/Reuters The Central Bank of India is in order to lower lenders for some consumer products, according to people familiar […]