
With all banks mandated by the Reserve Bank of India (RBI) to link their retail loans to an external benchmark from October 1, interest rates on home and auto loans are expected to decline from next month. When some public sector banks (PSBs) shifted their benchmarks to the repo rate in September, their new loan offers were priced at least 20 basis points (bps) cheaper.
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First Published: Thu, September 05 2019. 21:40 IST
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