The latest financial stability report of the Indian central bank, a biannual health check-up for the banking system, should be music to the ears of the CEOs of banks and the investors in bank stocks.
The recent proposal by the Reserve Bank of India (RBI) to link all new floating rates, retail (housing, auto etc.) and micro and small enterprise to market determined benchmarks from April 1, 2019, is a paradigm shift for Indian banks. While the RBI believes the new regime will ensure transparency, standardisation, and ease of understanding of loan products by borrowers, the majority in ...
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