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FIBIL
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.
- India readies daily benchmark gauges for rates“FBIL will start publishing the MIBOR-OIS rates with effect from 2nd April 2018,” FBIL said in a release.
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