External benchmarks mandatory for retail loans from October 1
Updated : September 05, 2019 06:28 AM IST
The transmission of repo rate changes by banks under the current framework is unsatisfactory, says central bank.
The banks are free to decide the spread over external benchmark.
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 morningYOUR 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