Banks Asked To Link Floating Rate Loans With External Benchmark Rates

Banks Asked To Link Floating Rate Loans With Benchmark Rates From October 1: 5 Points

The central bank has allowed the banks to choose one of the several benchmarks such as the RBI's policy repo rate.

Banking & Financial Services | Edited by | Updated: September 04, 2019 22:22 IST
Banks Asked To Link Floating Rate Loans With Benchmark Rates From October 1: 5 Points

The interest rate under external benchmark shall be reset at least once in three months, said the RBI's .