RBI Policy
To ease restrictions on banks for credit discipline
This story was originally published at 13:28 IST on 1 October 2025
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MUMBAI – The Reserve Bank of India has proposed to ease the restrictions on the operation of current accounts, cash credit accounts, and overdraft account facilities of banks to provide greater flexibility to the banks, particularly in case of borrowers being entities regulated by a financial sector regulator, the central bank said in the statement for development and regulatory policies.
The draft guidelines for the same shall be issued shortly, the RBI said. The Reserve Bank of India's Monetary Policy Committee, in a unanimous decision Wednesday, left the policy repo rate unchanged at 5.50%, the central bank Governor Sanjay Malhotra said. The committee also retained its 'neutral' policy stance. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Janwee Prajapati
Edited by Akul Nishant Akhoury
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