The Reserve Bank of India suggests to avail loans only from regulated organisations

In this Financial Literacy Week, the Reserve Bank of India suggests taking a loan from regulated entities like banks, NBFCs and HFCs. It is a good practice as they are regularly supervised and monitored.

If you take a loan from regulated organisations, then you can avail loans at a very low rate of interest and also the risk is very low.

RBI reassures the general public that the Indian banking system is safe and stable and there is no need to panic on the basis of any rumours.

RBI also posted on this on their social media handles. They also shared a video on youtube where a currency note pops out of the laptop screen to suggest that one should always avail loans from a regulated entity such as RBI, NBFC and HFC. Because this is a safe way to avail loans. Unlike informal organisations, these organisations are properly supervised and maintained.

Here is the link: https://twitter.com/RBIsays/status/1358637664958783489

 




Readers like you help support The Tech Outlook. When you make a purchase using links on our site, we may earn an affiliate commission. We cannot guarantee the Product information shown is 100% accurate and we advise you to check the product listing on the original manufacturer website. Thetechoutlook is not responsible for price changes carried out by retailers. The discounted price or deal mentioned in this item was available at the time of writing and may be subject to time restrictions and/or limited unit availability. Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates Read More

Advertisement

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More