Reserve Bank of India has emphasised that all banks should furnish detailed information on the internet about all kinds of loan facilities extended by them.
RBI has informed that all necessary changes must be carried out from 1st April.
RBI has insisted that all details furnished should be transparent.
The details furnished should be clear enough for the customers to compare the loan facilities of different banks and take a decision.
RBI has recommended in the circular sent on this regard that the details, in short & clear format, should be presented in a single page.