External benchmarks helped improve rate transmission: RBI
- Regulator says the transmission of interest rates in fresh floating rate loans picked up after October
- Between Oct 2019 and Feb 2020, the weighted average lending rate in fresh loans have declined
MUMBAI : The Reserve Bank of India (RBI) on Thursday said there are early indications that transmission of interest rates in fresh floating rate loans has improved after external benchmarks were introduced in October.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more