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.

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…

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…

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…