retail loan
During the four days beginning October 3, loans will be sanctioned for retail, agriculture, vehicle, home, MSME, education and personal categories on the spot. (Photo: File | Representational)
Banks to hold loan fairs across 250 districts from Thursday
02 Oct 2019 5:05 PM

SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.

Several banks, including State Bank of India, have already announced to link their loan products with external benchmarks from next month.
Indian Bank to link retail, MSME loans to RBI's repo rate from Oct 1
26 Sep 2019 9:12 AM

The RBI has mandated all banks to link their loans with external benchmarks, such as repo.

Bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole.
SBI to adopt repo rate as external benchmark for all floating rate loans
23 Sep 2019 11:06 AM

The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.

The banks have also been asked to reset the interest rate under external benchmark at least once in three months.
RBI makes mandatory for banks to link retail loans with external benchmarks
05 Sep 2019 10:49 AM

A move aimed at ensuring faster transmission of policy rate cuts to borrowers.

The bank is passing interest rate benefits directly to the customers and it will make the retail loans cheaper.
Bank of Maharashtra to link retail loans with repo rate
26 Aug 2019 11:14 AM

The bank has already linked the housing loan interest rate with repo rate.

In the consumer loan portfolio, personal loans and unsecured business loan were seeing a substantial upswing in Kerala.
ICICI Bank eyeing 20 pc growth in retail loan in Kerala FY'20
25 Jun 2019 4:05 PM

Retail consumer loans have witnessed significant growth in Kerala over the last few years.

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