RBI Monetary Policy Meet Highlights: The Reserve Bank of India . This is the fourth meeting of the RBI’s Monetary Policy Committee this fiscal year. RBI Governor Sanjay Malhotra said that “global headwinds including tariff altered narrative for India. Rationalisation of GST will have a sobering impact on inflation and stimulating consumption. Tariffs on the other hand may moderate exports. Outlook however remains clouded amidst policy uncertainty.”
RBI also stated that the FY26 GDP growth estimates have been revised higher at 6.8% from 6.5% earlier. The inflation estimates for FY26 has been lowered to 2.6% from 3.1% earlier.
The RBI Governor also unveiled key measures to strengthen the resilience of the Indian banking system –
1.ECL framework to be made applicable for all scheduled commercial banks, effective from April 1, 2027
2. Proposed to make the revised Basel III norms effective from April 1, 2027; Strengthen the Capital adequacy for banks and financial institutions.
3. Proposed regulatory restrictions on overlap in the businesses undertaken by a bank and its group entities are being removed.
4. To introduce risk-based insurance premium
5. To expand the scope of capital market lending by banks
6. Remove regulatory ceiling on lending on listed debt securities
7. Enhance limit on lending by banks against shares to Rs 1 crore from Rs 20 lakh per person
8. Enhance limit on lending by banks for IPO purpose to Rs 25 lakh from Rs 10 lakh per person
RBI kept repo rate steady at 5.50% in August meet
In its previous meeting held on August 4–6, the RBI kept the repo rate unchanged at 5.50% and maintained a neutral stance. This followed three consecutive cuts totaling 100 basis points across February, April, and June 2025, which had brought the repo rate down from 6.5%.
RBI MPC Meeting 2025 LIVE Updates: Meet the MPC members
The RBI Monetary Policy Committee consists of six members: three from the RBI and three appointed by the Central Government. It includes the Governor of the Reserve Bank of India, Sanjay Malhotra; the Deputy Governor of the Reserve Bank of India, in charge of Monetary Policy; and one officer of the Reserve Bank of India nominated by the Central Board.
The three external members are Prof. Ram Singh, Director, Delhi School of Economics, University of Delhi; Saugata Bhattacharya, Economist; and Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi.
RBI MPC Meeting 2025 LIVE Updates: Decision on key interest rate today
This is the Reserve Bank of India’s fourth Monetary Policy Committee (MPC) meeting of the fiscal year. The meeting commenced on September 29 and will conclude today, October 1, with the policy decision announcement scheduled for 10:00 AM by RBI Governor Sanjay Malhotra on the repo rate, GDP growth forecast, and inflation outlook.
RBI MPC Meeting 2025 LIVE Updates: Welcome to the live blog!
Greetings! Reserve Bank of India is set to announce the MPC decision on policy rates at 10:00 am today. Stay tuned to this space at financialexpress.com for detailed coverage, key expectations, and market reactions to the central bank’s decision.