New Delhi, Sept. 30 -- A series of financial and regulatory changes which impact people and institutions are scheduled to be implemented from 1 October 2025. These decisions include the Reserve Bank of India's (RBI) amendments on interest on advances, gold metal loans to Indian Railways, tightening the online booking norms for customers.

1. Interest rate on advances: India's banking regulator, RBI, has allowed banks that they are free to decide on the interest rate of floating-rate loans to benefit the borrowers sooner than the previous three-year limit.

The banks will also be able to provide their borrowers with the option to switch from a fixed interest rate setup to a floating interest rate setup, at their discretion, from 1 October ...