All banks are now mandatorily required to link floating rate loans extended to retail and small business to the repo rate - the rate at which lenders borrow from the RBI - or to treasury bill rates from October 2019. The move comes days after public sector banks announced a slew of repo-linked loans after a nudge from finance minister Nirmala Sitharaman.
from Times of India https://ift.tt/2ZvpOf4
Wednesday, September 4, 2019
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