Rate cuts for new home loans to be passed on automatically ...Middle East

All banks are now mandatorily required to link floating rate loans extended to retail and small business to the repo rate - the rate at which lenders borrow from the RBI - or to treasury bill rates from October 2019. The move comes days after public sector banks announced a slew of repo-linked loans after a nudge from finance minister Nirmala Sitharaman.

Hence then, the article about rate cuts for new home loans to be passed on automatically was published today ( Thursday 05/09/2019 - 07:00 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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