# RBI plans uniform loan-pricing rules, but NBFC impact remains disputed

2026-08-06T10:55:47+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

The Reserve Bank of India plans draft rules to standardise how regulated lenders calculate and disclose loan interest rates. Governor Sanjay Malhotra said the move aims to improve transparency and consumer protection, not change equated monthly instalments. The RBI also kept the repo rate unchanged at 5.25%. Proposed changes include common rules for day-count conventions, benchmark reset dates and aspects of MCLR and external benchmark-linked lending. The move’s impact on non-bank lenders is disputed. LiveMint reports that Malhotra said NBFCs, including housing finance companies, would not face a major new benchmarking requirement. The Times of India reports that the rules could extend to all NBFCs and require more standardised benchmarks and reset timelines. The RBI plans to issue draft directions shortly.

## Coverage

- livemint.com <https://www.livemint.com/economy/rbi-policy-loan-rates-policy-transmission-transparency-consumer-protection-11785908894586.html>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/rbi-proposes-uniform-interest-rate-norms-for-banks-nbfcs/articleshow/132979015.cms>

Tags: banking, consumer protection, loan rates, RBI
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