SBI to Adopt Repo Rate as External Benchmark for All Floating Rate Loans from October 1

On September 4, the Reserve Bank of India (RBI) had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to an external benchmark from October 1 onwards.

from Top Business News- News18.com https://ift.tt/2Ik4vT8