Story 418 Aug 2026· Livemint
RBI loan rules 2026: Banks may need borrower consent to change loan benchmark; know what happens to your EMI
New RBI proposals could require banks to obtain explicit borrower consent before migrating existing benchmark-linked loans to a new framework. The draft also stipulates that such migration cannot increase the prevailing interest rate or incur additional fees, directly impacting loan restructuring and EMI calculations.
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