At least seven lenders, including Axis Bank, HDFC Bank and ICICI Bank harness GIFT City facilitiesThe differential between one-month onshore and offshore forwards trade is now less than a paise, which would have been about four-five pais...
RBI determined to move to external benchmark on October 1Also, studying possibility of linking NBFC lending rates to such benchmarks.
RBI makes it mandatory for banks to link lending rate to external benchmarkBanks now don't have any excuse to not pass on rate cut benefits to consumers.