RBI Reforms: From Fraud Protection to Easier Loans and MSME Boost

• RBI introduces draft guidelines on mis-selling, loan recovery, and customer liability in unauthorized electronic transactions.
• Proposed compensation framework for small-value digital fraud up to ₹25,000 and discussion paper for advanced digital payment security.
• Collateral-free MSME loan limit to increase from ₹10 lakh to ₹20 lakh; revised guidelines for financial inclusion schemes.
• Banks allowed to lend to Real Estate Investment Trusts (REITs) with prudential safeguards.
• UCBs to see increased limits for unsecured loans, eased housing loan conditions, and 'Mission Saksham' for employee training.