Rate cuts for new home loans to be passed on automatically ...Middle East

The Times of India - News
Rate cuts for new home loans to be passed on automatically
source : The Times of India ( Middle East ) () 32
All banks are now mandatorily required to link floating rate loans extended to retail and small business to the repo rate - the rate at which lenders borrow from the RBI - or to treasury bill rates from October 2019. The move comes days after public sector banks announced a slew of repo-linked loans after a nudge from finance minister Nirmala Sitharaman.

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