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Policy● Neutral for Indian equities
FD interest rate rules to change from October 1: Key changes explained
The brief
- From October 1, banks must disclose large-deposit rates in advance
- Banks will have limited flexibility to price large deposits based on liquidity requirements
- Large-deposit pricing rules may affect funding costs and margins at Indian banks
- ₹2,000+ UPI payment charges: SC refuses interim stay on 0.4% MDR, issues notice to govt, RBI, NPCI and others
- Principles of regulation must never be forgotten: Here are five deviations that India must fix right away
- RBI’s new bulk deposit rules to kick in from October 1: Key changes explained
- RBI awaits Tata Sons’ formal response on Upper Layer NBFC compliance
- The post-Enron auditor reforms are being rolled back
RBI's revised bulk deposit rules
The RBI is changing rules governing bulk deposit interest rates, with the changes set to take effect on October 1. Reports outline what depositors and banks need to know, but the provided details do not specify the rule changes.
Monday, 28 September
- FD interest rate rules to change from October 1: Key changes explained