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FAQ Does RBI have the power to supersede a bank's board? Yes — under powers granted by the Banking Regulation Act, RBI can, in specified circumstances, supersede a bank's board of directors and appoint an administrator to protect depositor interests. FAQ What does "capital adequacy" actually mean? Capital adequacy refers to a bank holding enough own capital, relative to its risk-weighted assets, to absorb unexpected losses — Basel III sets the minimum ratios banks must maintain, monitored by RBI for Indian banks. FAQ Why does RBI change CRR and SLR instead of just the repo rate? CRR and SLR directly affect the quantity of funds available for banks to lend, while the repo rate affects the price (cost) of short-term borrowing — RBI uses a combination of tools depending on whether it wants to manage liquidity, rates, or both. FAQ If RBI raises the repo rate, does my loan EMI go up? For loans linked to an external benchmark or a bank's repo-linked lending rate, a repo rate hike typically feeds through to a higher lending rate over time, which can increase EMIs or loan tenure depending on the loan structure. FAQ Is there a minimum amount for RTGS? Yes, RTGS is intended for high-value transactions and carries a regulatory minimum amount (commonly ₹2 lakh), whereas NEFT and IMPS have no RBI-mandated minimum. FAQ Where can I find official RBI circulars? The RBI publishes all circulars and notifications on its official website (rbi.org.in) — always treat that as the authoritative source over any secondary summary. FAQ What is the difference between an RBI circular and a Master Direction? A circular typically announces a specific change, while a Master Direction consolidates all current instructions on a subject into a single, updated reference document. FAQ Is NRO account repatriation completely restricted? Not completely — NRIs can repatriate funds from an NRO account up to a specified limit per financial year, subject to applicable tax compliance and RBI/FEMA conditions. FAQ How often does a bank ask customers to update KYC? Re-KYC frequency depends on the customer's risk category — high-risk customers are typically reviewed more often (for example annually) than low-risk customers, per RBI's risk-based approach.