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RBI tightens personal loan rules: Credit scores now updated within 15 days | Mint

TheSpuzz Desk8 hours ago06 mins

Source: Live Mint As from January 1, 2025, one of the key regulations taken by the Reserve Bank of India will make it compulsory for lenders to update credit bureau records every 15 days. This may completely transform the way credit score is calculated and published, thus ensuring that the financial activity of the borrowers…

NEFT, RTGS update: RBI introduces name lookup facility to verify beneficiaries | Know details | Mint

TheSpuzz Desk5 days ago04 mins

Source: Live Mint NEFT, RTGS update: The Reserve Bank of India (RBI) will introduce the beneficiary account name look-up facility for the Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System. The proposed facility will help rectify instances where the remitters transferred funds to the wrong beneficiary, thereby reducing the number…

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NEFT, RTGS update: RBI introduces name lookup facility to verify beneficiaries | Know details | Mint