The Reserve Bank of India (RBI) is set to introduce revised rules governing interest rates on bank deposits from October 1, 2026, bringing greater standardisation and transparency to the way banks disclose and offer deposit rates. The new framework is particularly relevant for customers who rely on fixed deposits and other term deposits for predictable … Read more
Airtel Payments Bank has announced a significant leadership transition, with Sunil Bharti Mittal set to step down as its Non-Executive Chairman and leave the bank’s Board effective September 30, 2026. Shabnam Sinha, currently an Independent Director on the bank’s Board, will succeed him as Chairperson for a three-year term beginning October 1, 2026. The appointment … Read more
The Reserve Bank of India (RBI) has sought feedback from non-banking financial companies (NBFCs) on proposed rules governing revolving credit facilities, while calling for stronger compliance, internal audit and risk-management systems across the sector. The move comes as NBFCs increasingly expand into technology-driven lending products and business models, raising concerns about whether internal controls and … Read more
The Reserve Bank of India (RBI) has introduced a revised regulatory framework for deposit interest rates, bringing significant changes that aim to enhance transparency, ensure uniform treatment of depositors, and improve the way banks communicate interest rates to customers. The new directions, which will come into effect from October 1, 2026, are expected to make … Read more