06-Aug-2026      14:13

RBI to rationalise regulatory framework on interest rates

The Reserve Bank of India (RBI) has proposed to simplify the rules on interest rates for all Regulated Entities (REs) based on principles. The aims are to harmonise guidelines, address issues with current frameworks like MCLR and EBLR, and standardise market practices on interest charges. This is to improve uniformity, transparency, monetary transmission, and consumer protection.

News source: Capital Market - Live News