EXTERNAL BENCHMARKING LOAN
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.
5 rule changes that will impact your wallet from now on
Beginning October 1st, several changes have come into effect that will impact your fi...
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...
From Oct 1, all SBI floating rate loans to be linked to repo rate
The decision has come after the Reserve Bank of India (RBI) mandated all banks to link their floating rate loans to an external benchmark.
5 changes that will impact your personal finances from October 1
Starting October 1, all I-T notices, letters or other tax-related correspondence will carry a unique number.
Indian Bank to link retail & MSME loans to RBI's repo rate from October 1
The RBI has mandated all banks to link their loans with external benchmarks, such as repo, aimed at faster transmission of rate cuts effected by it to consumers.
RBI makes it mandatory for banks to link lending rate to external benchmark
Banks now don't have any excuse to not pass on rate cut benefits to consumers.
SBI to seek clarity on fixed-floating rate home loans
This comes after the RBI has mandated banks to shift retail lending to floating rates determined by external benchmarks.
Federal Bank to link savings deposit rate to external benchmarks
The Federal Bank said from September 1 its savings deposits up to Rs 2 lakh will earn interest in tandem with the repo rate.
RBI increases income & loan limits for NBFC-MFI
In the wake of the Andhra Pradesh micro finance crisis in 2010, a Sub-Committee of the Central Board of the Reserve Bank was constituted to study issues in the MFI sector.
Best home loan: How to maximise benefits in new interest rate regime
Find out how to select the right lender and optimise benefits under the new regime.
Repo-linked interest rates mandatory: What does RBI's move mean for borrowers
The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and MSMEs to external interest rate benchm...
China cuts key liquidity rate for first time since 2015
PBOC said that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%.
Switching to repo-linked home loans? Here's what you should know
Before switching to another bank, first check the margin that will be determined by your credit score.
RBI mandate on floating rate benchmark rates is credit negative for banks: Moody's
Banks will be free to decide the spread over the external benchmark.
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