External benchmark-based lending must: RBI
News:The Reserve Bank of India (RBI) has made it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an …
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RBI plans to formalise linking of new loans to repo rate
The Reserve Bank of India(RBI) is considering asking banks to link loans to an external benchmark such as the repo rate to improve transmission of policy rates and foster economic …
Read MoreSBI to offer home loan linked to repo rate
State Bank of India(SBI) has announced to introduce a repo rate-linked home loan product from July 1,2019.This move seems to be in line with the RBI ‘s direction to the …
Read MoreNew SBI rules link savings bank interest to repo rate: what has changed, why
State Bank of India (SBI) has linked its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India’s(RBI) repo rate. SBI had …
Read MoreLinking small loans to external benchmark after further talks
The Reserve Bank has said that it will hold further discussions with banks on linking interest rates on personal,home,auto and MSME loans with the external benchmark rates. In December 2018,Reserve …
Read MoreNew loan pricing scheme may be put off
The Reserve Bank of India(RBI) may extend the deadline for banks to shift to the new loan pricing regime which was scheduled to be implemented from April 1.This new external …
Read MoreSBI links savings account, short term loan rates to repo rate
State Bank of India (SBI) has decided to link its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India’s (RBI) repo …
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