{
  "id": 678127,
  "title": "RBI Invites Public Comments On Draft Rules To Standardise Interest Rate Setting For Bank And NBFC Loans",
  "url": "https://urgent.news/2026/08/12/rbi-invites-public-comments-on-draft-rules-to-standardise-interest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T15:57:31.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rbi-invites-public-comments-on-draft-rules-to-standardise-interest-rate-setting-for-bank-and-nbfc-loans"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Reserve Bank of India (RBI) has proposed a new framework to standardise interest rate setting for bank and non-banking financial company (NBFC) loans, with tighter rules around benchmark-linked lending and spread revisions. The proposed framework, which is set to take effect from April 1, 2027, aims to ensure uniformity, transparency, and consumer protection in the lending sector. Public comments on the draft Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026, are being invited until September 11, 2026. The framework applies to various regulated entities, including commercial banks, NBFCs, regional rural banks, urban and rural cooperative banks, all-India financial institutions, and housing finance companies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}