RBI proposes new interest rate rules for regulated entities, seeks public comments
The Reserve Bank of India is harmonizing interest rate determination methods for regulated entities. New guidelines will define internal benchmarks and loan pricing components for banks. Floating rate loans will have benchmark resets not exceeding three months. Existing loans must migrate to the new framework by April 2029. These draft guidelines are open for public comment until September 11.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
