RBI issues draft guidelines to harmonise interest rates on loans for banks
Aug 13, 2026
RBI issued draft rules on harmonised interest rate directions for all regulated entities to ensure effective monetary policy transmission, appropriate pricing of credit risk, and fair treatment of borrowers. The central bank published the draft guidelines on Wednesday, titled "Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026," following its developmental and regulatory policies statement on August 5, 2026.