RBI mandates banks to link fresh retail loans to external benchmark

All public sector banks have moved to such a regime voluntarily, while private banks are yet to. The state-run banks have introduced repo-linked products for floating-rate home and auto loans, but......

Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73

Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue. Illustration: Uttam Ghosh/Rediff.com The rupee on Monday crashed by 113 paise......

Interest on home, auto loans to be linked to new benchmarks from April 1

The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month Illustration: Uttam Ghosh/Rediff.com In a bid to ensure greater transparency, the RBI......

Rupee falls 47 paisa to close at record low of 72.98 as crude oil rises

The stubbornly high global crude oil prices are opening up a can of worms to heightened inflation risks and likely to disrupt government's fiscal maths along with deteriorating global financial......