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EXTERNAL BENCHMARK REGIME
Agentic AI adoption drives stronger governance oversight, risk controlsIndian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...
Bank stocks rally as RBI steps lift mood, trigger short coveringOn Tuesday, bank stocks rocketed upwards following strategic interventions by the Reserve Bank of India aimed at shielding foreign currency...
The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
India's shock absorbers are not workingIndia's external sector faces unprecedented pressure. Shock absorbers that previously aided recovery have weakened simultaneously. This inc...
W.O.R.R is the worry. A four-way assault pummells Indian macroIndia faces a rare convergence of four macro shocks—war-driven oil surge, a record weak rupee, and a likely poor monsoon—raising inflation ...
Has SBI lowered its home loan lending rates again? Check latest rates for May 2025State Bank of India has decided to keep its key lending rates unchanged for May 2025, following a 0.25% rate cut in April 2025. This decisi...
Reset of floating rate home loan EMIs to get more transparent, option to switch to fixed interest rate soon: RBIRBI asks banks to be more transparent in resetting of interest and EMIs of floating rate home loans under external benchmark based lending ...
Linking lending rates to external benchmark the most effective transmission tool so far: RBI paper“Transmission during the MCLR regime was far from satisfactory,” said RBI’s research paper, necessitating the introduction of external benc...
Bank rate transmissions quicker under external benchmark regimeData indicates that weighted average lending rates on fresh loans was up bps for 37 bps for public sector banks to 7.14 percent and only 26...
Policy rate pass-through improves in EBLR regimeThe weighted average lending rates (WALRs) on fresh as well as outstanding rupee loans have declined across sectors. Banks have extended th...
Policy transmission improves post external benchmarksThe cumulative reduction of policy repo rate by 250 basis points (bps- one bps is 0.01 per cent) between February 2019 to June 2021 has res...
What RBI's rate cut means for loan EMIs, fixed deposit investorsThe latest rate cut is likely to cause more heart ache for FD investors, especially senior citizens who are dependent on interest income. P...
COVID-19 impact: What RBI's emergency rate cut means for your loans, fixed deposit investorsThe RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). Th...
The events that led to external benchmarking of loans and what borrowers should do nowThe year 2019 saw the shift in the way interest rates loans to be charged. The Reserve Bank of India announced that with effect from Octobe...
RBI keeps repo rate unchanged: What does this mean for your loans and fixed deposits?The Reserve Bank of India, in its monetary policy review today, kept the repo rate unchanged at 5.15%
RBI repo rate cut: Cheer for borrowers but interest rate on FDs likely to fall furtherThis cut is sweeter for new borrowers as banks are supposed to link all new floating rate loans to four external benchmarks specified by RB...
RBI determined to move to external benchmark on October 1Also, studying possibility of linking NBFC lending rates to such benchmarks.
From Oct, loans to be linked to external benchmarks. How will this impact borrowers?Loans linked to external benchmarks are going to be the norm from October 1.
Loan EMIs likely to reduce: RBI cuts repo rate by 25 bpsThis is the first time in FY2018-19 that the RBI has cut key policy rates. Earlier, apex bank has hiked the rates twice in June and August ...
Good news for borrowers: RBI to link interest rates to external benchmarks replacing MCLRThe RBI in its statement has proposed that from April 1, 2019, banks will be using external benchmarks instead of the present system of int...