It’s time to formalise linking of lending rates to repo rate: RBI Governor
  • WebDesk BTVI
  • Aug 19 2019

RBI Governor Shaktikanta Das says that the Reserve Bank of India is in touch with various banks with reference to faster transmission of rate cuts. He says a number of banks other than SBI have also linked their rates to the external benchmark. He says there may be a need to formalise this arrangement in the future. He adds that the RBI is closely monitoring the top 50 NBFCs and HFCs.