Central Bank of India to link rates to repo rate
  • WebDesk BTVI
  • Aug 20 2019

Central Bank of India has announced plans to link their lending rates to the repo rate, has stated that it will launch some repo-linked retail loans in a month. Pallav Mohapatra, MD & CEO, Central Bank of India, has announced that it has room further to reduce its one-year marginal cost-based lending rate (MCLR). Saying that the economic situation is not gloomy at present, he feels banks have to give stimulus to the economy.