In Your Interest Only?
How the RBI's move to link loan rates to external benchmarks affects borrowers.
by Renu Yadav
Sep 27, 2019
2 minutes
The Reserve Bank of India (RBI) has brought some festive cheer for borrowers. It has directed banks to offer floating-rate loans linked to external benchmark rates from October 1 for all retail and small business loans. This is expected to reduce the interest burden on a number of floating
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