MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has today issued seven Directions/Circulars, proposing to amend some of the extant Directions/Circulars applicable to banks and other regulated entities. While three of these amendments come into effect immediately (Part A), public comments are solicited on the other four (Part B).
Details of the proposals are given below.
A. Directions which come into force from October 01, 2025
1. Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025
In terms of the extant Reserve Bank of India (Interest Rate on Advances) Directions, 2016 dated March 3, 2016, scheduled commercial banks (SCBs) are required to be...