Regulatory Alerts2026-08-05
Added
Governor’s Statement: August 5, 2026
The Monetary Policy Committee decided unanimously to keep the policy repo rate unchanged at 5.25 per cent, with the standing deposit facility rate at 5.00 per cent and the marginal standing facility rate and Bank Rate at 5.50 per cent, while retaining a neutral stance. The Reserve Bank proposes issuing draft guidelines for resuming the licensing of Urban Cooperative Banks and draft directions for the Credit Monitoring Arrangement for Rural Cooperative Banks. Additionally, it is proposed to harmonise and standardise the regulatory framework on interest rates on advances for all regulated entities to enhance transparency and consumer protection.