The Reserve Bank of India has asked banks to display loan interest rates and processing fees on their websites from 1st April. In a notification issued in Mumbai, the RBI has said that the total fees and charges applicable on various types of loans to individual borrower should be disclosed at the time of processing of loan as well as displayed on the website.The apex bank has said that such a move will bring in transparency and comparability and facilitate informed decision making by customers. It has further asked banks to provide a clear, concise, one page key fact statement, in a prescribed format, to all individual borrowers at every stage of the loan processing as well as in case of any change in any terms and conditions.