Retail loans to be pegged to external benchmarks: Here's what it means for banks
Updated : December 06, 2018 01:57 PM IST
This ensures that all floating-rate personal or retail loans and small business loans will now be linked to an external benchmark, commencing from April 1.
The final guidelines regarding the same will be issued by the end of December 2018.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more