Overview

• Banks can cut spread components on floating‑rate loans before the three‑year lock‑in, and the option to switch to fixed rates at resets becomes discretionary.
• Working‑capital loans against gold or silver now extend beyond jewellers to manufacturers using bullion as inputs, including lending by Tier‑3 and Tier‑4 urban co‑operative banks.
• Revised Basel III norms raise the eligible limit for offshore Additional Tier 1 perpetual debt, giving banks more headroom to bolster Tier 1 capital.
• Draft proposals would extend Gold Metal Loan repayment to 270 days and allow non‑manufacturing jewellers to access GML for outsourced production.
• The RBI also proposes aligning large‑exposure and intragroup rules for foreign bank branches and shifting credit‑bureau reporting to weekly with CKYC identifiers and faster error fixes, with feedback due by October 20.