Housing Finance |
09 September 2019Benchmarking lending will translate into good times ahead for borrowers
Benchmarking lending will translate into good times ahead for borrowers
Less than a month after the third
bi-monthly Monetary Policy Statement for FY2019-20 (August 2019)was announced,
the RBI made it mandatory for banks to link all their fresh retail loans to an
external benchmark, effective October 1, 2019. The central bank suggested that
this benchmark rate could be the RBI’s policy repo rate, the Government of
India’s three-month a....
Read More