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The many weapons in Indian arsenal to make China fall in line

If Chinese companies are gradually shut out of India, China will take a hit.

external benchmark

08 July, 2020, 12:44 AM IST

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EXTERNAL BENCHMARK

Should you take loans linked to benchmarks other than repo rate? Which banks offer these?

According to the RBI Monetary Policy Report, 36 banks out of 62 banks have adopted repo rate as an external benchmark whereas six banks have adopted the market-based benchmarks such as CD rate, 3-month treasury bill etc.

These banks have cut interest rates on loans

For instance, Bank of Baroda announced that it has reduced its repo-linked lending rate (BRLLR) ...

Personal loan sanctions to get tougher

According to a report by TU Cibil, default rates will move up most in personal loans and credit cards,...

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