RBI DRAFT RULES
RBI adds NBFCs and PDs as market makers in rupee interest rate derivative segment
The RBI released draft guidelines for rupee interest rate derivatives, adding NBFCs and PDs as participants to improve pricing and reduce compliance. All OTC trades must be reported with detailed transaction data.
RBI keeping a close watch on newly-licensed payment firms
The Reserve Bank of India is intensifying oversight of payment aggregators through stricter audits, KYC enforcement, and real-time checks to curb fraud. It urges transparency, robust governance, and adherence to regulatory norms as digital payments expand rapidly across the financial ecosystem.
Gold loan stocks like Muthoot Fin, Manappuram rally up to 4% for second day. What should investors do?
RBI's revised gold loan guidelines, effective April 2026, raise the LTV ratio for small-ticket loans, boosting gold loan stocks. The move, seen as regulatory relief for NBFCs, is expected to spur disbursements and intensify competition. Brokerages predict positive implications for NBFCs, with growth-focused outlook and improved profitability.
Gold loan final regulations will be out by today or Monday, says RBI Governor
RBI Governor Sanjay Malhotra announced that final gold loan regulations will be released by today or Monday. These norms include raising the Loan-to-Value (LTV) ratio for gold loans under Rs 2.5 lakh to 85% from the current 75%. The Ministry of Finance previously suggested revisions to the RBI's draft directions. Following the announcement, Manappuram shares rose by 3.
DFS proposes exemption for gold loans under Rs 2 lakh, easing regulatory pressure
A DFS recommendation to exempt gold loans below ₹2 lakh from RBI's guidelines is poised to ease regulatory pressure on gold loan companies. This move is expected to shield nearly 80% of customers from tighter norms, facilitating faster loan disbursals and business expansion. Major players like Muthoot Finance and Manappuram Finance witnessed gains following the news.
Saturday bank holiday: Are banks open or closed today, May 31, 2025?
Confusion often arises regarding bank holidays, particularly concerning the fifth Saturday of a month. According to RBI guidelines, banks operate on the first, third, and fifth Saturdays unless a public holiday intervenes. Digital banking options like Net Banking and UPI provide continuous access to financial services, even during holidays.
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No collateral damage: Finance ministry wants relief for small gold loans
The finance ministry has suggested the RBI to exempt small borrowers seeking loans below Rs 2 lakh from its draft directions on gold collateral lending, aiming for quicker disbursal. They also proposed implementing the rules from January 1, 2026, citing the need for field-level adjustments. This came after reviewing the RBI's draft guidelines and considering stakeholder concerns.
Muthoot Finance shares surge 6% as FinMin bats for exemption of sub-Rs 2 lakh gold loans from RBI rules
The Finance Ministry recommended exempting sub-Rs 2 lakh gold loans from the RBI’s draft rules. The move aims to protect small borrowers and ease compliance for NBFCs. The ministry also proposed deferring implementation to January 2026, offering relief to lenders reliant on gold-backed loans, especially in rural and semi-urban markets.
FinMin bats for exemption of small borrowers in RBI's gold loan guidelines
The finance ministry has proposed exempting small gold loan borrowers (below Rs 2 lakh) from the RBI's draft guidelines on lending against gold collateral. They also recommended delaying the implementation of the new rules until January 1, 2026, to allow for proper field-level implementation. These suggestions aim to protect small borrowers and address stakeholder concerns regarding the proposed regulations.
Gold loans guidelines: FinMin urges RBI to take time on new rules implementation; Muthoot Fin, Manappuram shares rise
The Finance Ministry suggests changes to the Reserve Bank of India's gold loan rules. These revisions include delaying the implementation. The ministry wants to protect small borrowers. Loans under Rs 2 lakh may get an exemption. The ministry also proposes a later start date of January 1, 2026. The RBI is now reviewing all feedback before finalizing the guidelines.
Gensol’s default; Ola’s dismal Q4
Happy Friday! Gensol Engineering has failed to make repayments on bonds that used BluSmart taxis as collateral. This and more in today’s ETtech Morning Dispatch.
RBI to harmonise loan income recognition rules and review lending practices
Reserve Bank of India will harmonize loan regulations. This will bring uniformity across lenders. RBI plans a review of non-fund based facilities. Liquidity stress testing will be enhanced. New guidelines will cover climate-related financial risks. A data repository for climate risk information will be launched. Draft guidelines on Expected Credit Loss are expected soon.
From Roman censor to modern regulator: Can the RBI be trusted with absolute power?
The Reserve Bank of India's (RBI) recent framework for regulation formulation, emphasizing stakeholder consultation and impact analysis, is viewed with cautious optimism. While RBI has historically engaged with market players, this formalization is seen as a response to government pressure for simplified business regulations.
RBI’s new directive to NBFCs; Oyo’s third IPO attempt
The RBI has tightened rules on default loss guarantees (DLGs), a move that is likely to hit digital lenders hard. This and more in today’s ETtech Top 5.
RBI makes it easier to claim dormant funds
Reserve Bank of India plans to simplify claiming unclaimed deposits. New rules allow KYC updates via video calls and business correspondents. This helps reactivate dormant accounts, especially in rural areas. The move aims to ease reclaiming funds from accounts inactive for over 10 years. Users can check the UDGAM portal and soon update KYC remotely.
RBI for simpler KYC updation process simpler, no more re-submitting documents for minor changes
The Reserve Bank of India (RBI) has simplified KYC (Know Your Customer) rules for both new customer onboarding and updating of identification documents. Customers can now submit a self-declaration stating "no change" or only an address update to fulfil KYC requirements.
Big relief proposed by RBI for account holders in activating an inoperative bank account or claiming unclaimed deposits
The Reserve Bank of India proposed on May 23, 2025, to ease access to inoperative accounts and unclaimed deposits. Banks will be required to offer KYC updates at all branches, including video KYC, if requested. Doing this KYC will help you claim the previously unclaimed money. Public comments on the draft circular are invited until June 6, 2025, before the rule is finalized.
Periodic KYC update in bank account to become easier; RBI proposes new draft rules, allows time till June 30, 2026, to do KYC for these customers
KYC updation rules eased: The RBI has issued a draft comment on simplifying KYC rules. The proposed rules will make the bank customers' lives easier in case of periodic KYC updation requirements. The rules also propose the ease of onboarding first-time customers in the case of KYC. Read on to know the proposed rules.
Gold loan rules: 9 crucial proposals made by RBI in the draft guidelines and how they may impact your borrowing
Gold loan draft rules: RBI has issued a draft for uniform guidelines on gold loans across banks and NBFCs. These proposals can impact how you take the gold loan once it is implemented as written. Check the nine proposals made in the RBI's draft and how it can impact your borrowing.
Proposal to let FPIs loose, rate cut hopes fuel bond market rally
Anticipation of aggressive rate cuts and relaxed FPI regulations spurred a bond market rally, driving the 10-year G-Sec yield below 6.30%. Sebi's proposed easier KYC norms for IGB-FPIs and RBI's relaxed rules for FPI corporate bond investments boosted market sentiment.
FICCI urges RBI to retain NBFC-centric co-lending model, warns changes may hurt credit, jobs
FICCI has appealed to the RBI to maintain the current co-lending rules, which allow NBFCs to originate loans and then sell a significant portion to banks. They argue that the proposed shift to a joint lending model, requiring simultaneous disbursal, would disrupt credit access and force NBFCs to reduce operations, potentially leading to job losses.
NBFCs raise concerns over planned co-lending rules
Non-bank lenders in Mumbai plan to address the Reserve Bank of India regarding proposed co-lending rule changes. The new model suggests joint loan disbursement, replacing the current assignment practice. NBFCs worry about increased risk and liquidity strain due to longer loan holding periods. Banks are also concerned about dual default reporting affecting borrower trust.
MUFG is back at HDB table, with ₹12,000 crore cheque
Mitsubishi UFJ Financial Group is in advanced discussions to acquire a minority stake, up to 19%, in HDFC Bank's non-banking financial arm, HDB Financial Services, for approximately ₹12,000 crore. This potential deal, the second attempt by both parties, aims to address investor concerns regarding RBI regulations impacting NBFCs and HDB's financial performance.
RBI's proposed LTV rules may hit growth of gold loan companies
RBI's proposed gold loan rules may curb the growth of gold finance companies by requiring them to adjust lending practices. Crisil Ratings suggests the draft aims to standardize regulations and address lending disparities. The new LTV computation rules could force NBFCs to recalibrate disbursement values, impacting their growth, despite gold loans being the fastest-growing consumer credit segment in FY25.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
RBI boost for gold loan fintechs; Blinkit dents Zomato’s profits
Happy Friday! The RBI is formalising the gold loan market, opening doors for fintechs in the space. This and more in today’s ETtech Morning Dispatch.
Gold-loan fintech firms spot a glimmer in RBI’s draft rules
Bengaluru-based Rupeek, Chennai-headquartered Oro Money, Noida’s Indiagold and Manipal Fintech of Gurugram are a few of the major startups operating in this space. Earlier this year Manipal Fintech onboarded Puja Abhishek Singh as its new chief executive officer. Singh joined the company from Paytm, where she was heading business operations.
Bank stocks jump up to 2% as RBI eases final LCR norms, offers relief to lenders
The final regulations have set an added ‘run-off’ factor of 2.5% for retail and small business deposits that are accessible through internet and mobile banking (IMB). This is a reduction from the 5% proposed in the draft guidelines.
RBI eases final liquidity coverage ratio norms, offers relief to banks
The Reserve Bank of India has eased liquidity coverage ratio (LCR) norms for banks, giving them more flexibility in managing funds. The final rules, effective April 2026, reduce the run-off factor for retail deposits accessed via internet and mobile banking.
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