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Webinar on KFS & APR – New Rules by RBI on Retail & MSME Lending

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-Vinod Kothari and Anita Baid | finserv@vinodkothari.com

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Our related resources on the topic:

  1. The Key to Loan Transparency : RBI frames KFS norms for all retail and MSME loans
  2. Transparency in lending: RBI Mandates KFS for Retail and MSME Loans
  3. RBI Regulations on Digital Lending

Webinar on KFS and APR– New RBI rules on Retail & MSME Lending

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Watch our Webinar here: https://youtu.be/DBCROyxRJEY

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Transparency in lending: RBI Mandates KFS for Retail and MSME Loans

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– Chirag Agarwal, finserv@vinodkothari.com

The RBI has vide its Statement on Developmental and Regulatory Policies dated February 08, 2024, announced its decision to mandate Regulated Entities (REs) to provide Key Fact Statement (KFS) for retail and Micro, Small & Medium Enterprise (MSME) loans. 

What is KFS? What are its contents?

  • A crisp, clear and key information about loan terms. KFS typically includes details such as the all-in-cost of the loan, interest rates, fees, repayment terms, and any associated risks. 
  • Because KFS is standardised, it enables borrowers to make comparison with terms offered by other lenders. 
  • Plus, it is at-a-glance view, enabling the borrower to avoid the legalese.
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