As home loan tenures rise, RBI tells banks to inform customers of their options

RBI is worried about the long extension of home loan tenures. Deputy governor M Rajeshwar Rao on Thursday said that the regulator is not considering defining an “unreasonable elongation” as the bank’s board will have to consider this. “It is for the bank board to decide having regard to the tenor and the repayment capacity of the individual borrowers,” he said.
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