EXTERNAL BENCHMARKING LOAN
External benchmarks for loan pricing puts cart before the horse
Moving floating interest rate loans would push banks, borrowers and the RBI itself into unchartered territories.
Same mechanism for loans, liabilities: HDFC may link rates to external benchmarks
Move to be discussed at next asset liability committee meet...
Central Bank of India reduces repo-based lending rate by 25 bps
After the Reserve Bank of India cut the repo rate for the consecutive time th...
RBI determined to move to external benchmark on October 1
Also, studying possibility of linking NBFC lending rates to such benchmarks.
Mandatory to link loans for housing, autos, MSEs to external benchmark: RBI to banks
With a view to allow faster transmission of rate cuts to consumers, the Reserve Bank of India on Wednesday said the banks must mandatorily l...
RBI makes it mandatory for banks to link retail, SME loans to external benchmark
Existing loans linked to the MCLR, Base Rate or BPLR will continue till repayment or renewal.
SBI to adopt repo rate as external benchmark for all floating rate loans from Oct 1
"We have decided to adopt repo rate as the external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019," the bank said in a release.
Global investors may make a beeline for bad loans
"With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.
Andhra Bank to cut MCLR by 10 basis points across all tenors
The benchmark one-year tenor MCLR, which is used to price most of the consumer loans, has been brought down to 8.30 per cent from 8.40 per cent.
New home loan takers to gain instantly from RBI cut
On an average, home loan rates are likely to fall by 25 basis points for new borrowers.
Changes that will directly impact your personal finances starting this month
Starting October 1, there are five key changes that will have a bearing on your personal finances. ET Online's Shambhavi Mehrotra brings you...
How will borrowers' EMIs be reset after RBI decision to link loans to external benchmarks?
From October 1, 2019, any loan taken will be linked to any one of the 4 external benchmarks specified by RBI.
Muthoot Finance expects over 15% AUM growth after Q3 and Q4: George Alexander Muthoot
We have already grown by Rs 1,300 crore of portfolio in the last six weeks.
Link loans to benchmarks: RBI to banks
The RBI just made a big push to make transmission of monetary policy more effective.
SBI hikes margin over repo rate in new loan scheme from Oct 1
The bank will charge additional spread/margin over the above mentioned rate in case of borrowers in specified situations where risk is ascertained to be higher.
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