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RBI eases norms to fast-track rate transmission
The Morning Standard
|October 01, 2025
THE RESERVE Bank of India (RBI) on Monday announced a set of regulatory changes to improve monetary transmission, ease gold loan norms, and strengthen credit reporting.
While three amendments will come into force from October 1, 2025, four others have been issued as draft proposals for public feedback until October 20.
In a move that will directly benefit borrowers, the RBI has allowed banks to reduce spreads on floating-rate loans before the existing three-year lock-in period. The step is expected to accelerate the pass-through of policy rate cuts, resulting in lower EMIs. Borrowers will also have the option to switch to fixed-rate loans at reset points, though this will no longer be mandatory.
This story is from the October 01, 2025 edition of The Morning Standard.
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