RBI proposes common loan-rate framework for banks and NBFCs
The Reserve Bank of India plans separate guidelines to standardise loan-interest-rate practices across banks and NBFCs, aiming to improve transparency and comparability for retail and MSME borrowers. Revised deposit-rate disclosure rules are set to take effect on October 1, 2026.
RBI plans a uniform loan interest-rate framework for banks and NBFCs, improving transparency and comparability for retail and MSME borrowers. Revised deposit-rate rules from October 2026 will require standardised disclosures and prevent branch-level pricing differences for similar deposits.
Why this matters
The proposal extends RBI's recent retail-credit and banking-policy activity, following its decision to hold the repo rate at 5.25% and proposed reforms for UCB licensing and rural co-op banks.
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