Search For "floating rate loans"
SBI announces repo rate as external benchmark for all floating rate loans
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans.
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RBI makes it mandatory for banks to link retail and MSME loans to external
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 4 (ANI): The Reserve Bank of India (RBI) on Wednesday issued a circular making it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises to an external benchmark.
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