competition wizard magazine

competition wizard magazine
competition wizard magazine

Thursday, November 21, 2019

banking service chronicle english book

https://www.kiranbooks.com/magazines/banking-service-chronicle-english-book-310
Banking services chronicle releases the magazine every month for the candidates who are preparing for bank examinations. One of the articles which are published in banking serviceschronicle magazine is here which saysrepo-linked interest rates in page number 13 of November 2019.
The reserve bank of india has made it mandatory for banks to link all of their new loan products, be it personal, housing or auto, to an external benchmark like the policy repo rate.
Starting that transmission of policy rate benefits under the current frame work has not been satiosfactory, RBI on 4 sep issued circular saying that banks will have to link their products to an external benchmark with effect from 1 oct 2019. The circular informs that banks can also choose any benchmark market interest rate publishe by financial bench marks india private limited or the govt’s 3- month and 6-month treasury bill yields published by FBIL as their preferred external benchmark.

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