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Bankers Seek To Quash External Benchmarking For Retail Loans
With no guidelines from the RBI, banks want external benchmarking of lending rates to be quashed
22 Jan 2019, 01:59 PM IST
No one likes change. Least of all India’s bankers.A directive by the Reserve Bank of India asking banks to start linking floating retail loans to an external benchmark starting April 2019 is facing stiff opposition from the country’s lenders.The Indian Banks’ Association is seeking time with Reserve Bank of India Deputy Governor, NS Vishwanathan to ask the regulator to defer the implementation of external benchmark-linked rates on al...
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