Banks must disclose large-deposit rates ahead from October 1
In short
From October 1, banks will have to tell customers the rates on large deposits in advance. The report says banks will have less room to change those rates based on liquidity needs.
This matters for depositors and banks because pricing becomes less flexible. The report does not say which deposits count as large or who made the rule.
What the reporting says
Banks will have to disclose large-deposit rates in advance from October 1, with limited flexibility to price them based on liquidity requirements, according to a Business Standard Finance summary. The reporting indicates a rule change affecting how deposit rates are set and disclosed, but it does not specify the regulator behind the move or the exact thresholds for large deposits. The immediate effect is tighter pricing transparency for depositors and banks.
Why it matters
The reporting says banks must disclose large-deposit rates in advance starting October 1, and that they will have limited flexibility to adjust pricing for liquidity needs. That change could affect depositors looking for better rates and banks managing funding costs. The summary does not state the regulator, the deposit threshold, or any exceptions.