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Lack of consensus led to RBI move on base rate
Members of the Reserve Bank of India (RBI) committee could not reach a consensus before issuing a set of directives on the base rate for banks last week. The committee was formed to provide guidelines for determining lending rates and bring in more transparency in the system. According to sources the committee was divided on most issues. Not only did the public sector and private sector bank executives
Members of the Reserve Bank of India (RBI) committee could not reach a consensus before issuing a set of directives on the base rate for banks last week. The committee was formed to provide guidelines for determining lending rates and bring in more transparency in the system. According to sources the committee was divided on most issues. Not only did the public sector and private sector bank executives
Banks free to choose base rate
The Reserve Bank of India (RBI) today gave freedom to banks in deciding their base rate. "Banks may choose any benchmark to arrive at the base rate for a specific tenor that may be disclosed
The Reserve Bank of India (RBI) today gave freedom to banks in deciding their base rate. "Banks may choose any benchmark to arrive at the base rate for a specific tenor that may be disclosed
RBI postpones base rate implementation
Heeding to the request from banks, the Reserve Bank of India (RBI) today postponed the implementation of the proposed base rate mechanism by three months. More India business stories After a meeting
Heeding to the request from banks, the Reserve Bank of India (RBI) today postponed the implementation of the proposed base rate mechanism by three months. More India business stories After a meeting
Banks to seek more time to shift to base rate
RBI, bankers to meet on Thursday to discuss implementation of new regime.
RBI, bankers to meet on Thursday to discuss implementation of new regime.
'We will better the industry's credit growth average'
Bank of Baroda (BoB) is one of the few public sector banks which showed profit growth in the third quarter, although high provisioning tempered the pace of growth. Going ahead, the bank expects
New base rate lending rule will help SBI: Bhatt
The country’s largest lender, State Bank of India (SBI), today said the proposed base rate mechanism to replace benchmark prime lending rate (BPLR) will be beneficial for it. More India business
The country’s largest lender, State Bank of India (SBI), today said the proposed base rate mechanism to replace benchmark prime lending rate (BPLR) will be beneficial for it. More India business
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