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MIBOR REPLACEMENT
RBI introduces new interest rate benchmarkThe Reserve Bank of India (RBI) is launching a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to better reflect mone...- RBI to introduce new interest rate benchmark SORR to improve credibilityRBI introduces SORR as the new interest rate benchmark, replacing MIBOR. SORR will be based on secured money markets (basket repo and TREP)...
- MIBOR anyone? Something is not okay hereEvery morning, MIBOR is calculated on the basis of traded rates of a dozen banks in the first hour of the market. But as the day progresses...
- World of money with Ritesh Jain: 5 interesting things I read this weekIt took a lot of effort to persuade Mr Jain to give us a sneak peek into his repertoire every week through this exclusive column. Here's th...
- Banks discontinue Mibor loans to shore up marginsWith interest rate going up, banks have completely stopped one of the widely used corporate loan products.
- Annual Monetary and Credit Policy for the year 2003-2004Following is the full text of the Monetary and Credit Policy for the year 2003-'04 announced by Reserve Bank Governor Bimal Jalan on Tuesda...
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