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The Economic Times
The Economic Times
Business
Shaghil Bilali

Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposal

At the end of the Monetary Policy Committee (MPC) meeting today (August 5, 2026), Reserve Bank of India (RBI) governor Sanjay Malhotra announced that the central bank plans to rationalise the rules around interest rates for all Regulated Entities (REs) through a principle-based approach.

The RBI governor mentioned that the proposed simplification aims to align the guidelines across different categories of regulated entities while ensuring that the framework remains proportionate to the nature and size of each entity.

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