All banks are now mandatorily required to link floating rate loans extended to retail and small business to the repo rate - the rate at which lenders borrow from the RBI - or to treasury bill rates from October 2019. The move comes days after public sector banks announced a slew of repo-linked loans after a nudge from finance minister Nirmala Sitharaman.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZvpOf4
