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ARTICLE · 10 APRIL 2025

AKP Banking & Finance Digest April 07, 2025

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1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI issues master direction on Interest Rate on Deposits, 2025

The Reserve Bank of India ("RBI") has issued the Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2025, consolidating all guidelines related to deposit interest rates for banks. The new framework replaces the 2016 Master Directions for commercial and cooperative banks and has been issued under Sections 21 and 35A of the Banking Regulation Act, 1949. The updated Master Direction is effective immediately and aims to streamline regulatory instructions on deposit interest rates. RBI

1.1.2. RBI updates master circular on bank finance to NBFCs

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