RBI gives banks a break on profits and investment rules

The Reserve Bank of India (RBI) has given banks a big break! Now, banks can throw their quarterly profits into their capital calculations without stressing over non-performing assets. This change, announced by Governor Sanjay Malhotra, aims to boost banks' capital strength. Plus, the RBI is scrapping the extra investment buffer rule since banks already have enough safeguards in place. It's a win-win for the banking world!