Breather for banks as RBI delays adoption of external benchmark rates
- RBI to hold further consultations with stakeholders and work out an 'effective mechanism for transmission of rates'
- The external benchmarks suggested were the RBI repo rate or any other benchmark rate published by Financial Benchmark India
Mumbai: Reserve Bank of India (RBI) on Thursday announced a slew of developmental and regulatory policies, along with its first bimonthly monetary policy statement for 2019-20.
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