Finance
TonyRBI hits snooze on credit rules, now due July 1, 2026
RBI just hit the snooze button on credit reporting rules, pushing the deadline to July 1, 2026. They listened to the industry and scrapped that pesky 28th-day reporting. No full data drama every cycle, CKYC field is out. Existing BSBD customers will snag free perks on request, and minors? They’re still playing by the usual rules. Just another day in the life of RBI, right?
few days ago | Aathira Varier
Quick rundown
1.RBI extends credit reporting changes to July 2026.
2.Incremental account reporting on the 28th day removed.
3.Full data submission in cycles deemed redundant by RBI.
4.BSBD accounts to receive new facilities upon request.
5.Minors' BSBD accounts subject to specific instructions.
