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Bulk deposit pricing to be more transparent, flexible
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to price large deposits based on withdrawal risk, which will be a fourth factor for differential rates. Until now banks were allowed to offer differential rates based on tenor, size, and premature withdrawal conditions.
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economictimes.indiatimes.com
Differential deposit rates permitted but must be transparent, says RBI Governor amid HDFC Bank row
The Reserve Bank of India permits banks to offer different interest rates on deposits. These rates must be transparent and follow specific rules. This comes after allegations that…
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RBI proposes tighter disclosure norms for deposit rates, links bulk deposit pricing to liquidity rules
