The Reserve Bank of India (RBI) plans to give banks greater flexibility in pricing rupee bulk deposits while ensuring transparency and uniformity in the disclosure of deposit interest rates, per draft amendment directions.

The Reserve Bank of India is proposing new rules for bank deposit interest rates. Banks will need to publish their rates daily. They can also offer different rates on large…

The Reserve Bank of India (RBI) plans to give banks greater flexibility in pricing rupee bulk deposits while ensuring transparency and uniformity in the disclosure of deposit…