Economy & Policy◆ Mixed
RBI changes bulk FD rules from October 1: What depositors and banks need to know
RBI is in focus with October 1 in focus.
· Business Today Mkts
Under the revised framework, banks will have to disclose applicable bulk deposit rates by 10 am on every working day. A 10-minute grace period will be available, allowing banks to update the rates by 10:10 am.
Key facts
- Dates in focus
- October 1
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Banks.
In this story
Banks
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