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 Bank of Baroda links retail interest rate to RBI Repo Rate- Bank of Baroda links retail interest rate to RBI Repo Rate
- August 14, 2019
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Bank of Baroda, India's second largest public sector bank, has introduced a new variant of home loan product linked to Reserve Bank of India’s repo rate.
Bank of Baroda, India's second largest public sector bank, has introduced a new variant of home loan product linked to Reserve Bank of India’s repo rate.
The new home loan variant will directly link interest rate to an external benchmark, which in this case is the repo rate and thereby build a direct link to ensure fair and transparent transmission of the monetary policy rate.
Now, with this new variant, customers will have the option to select between MCLR linked rate, which is indexed to...
- View more at: https://www.1888pressrelease.com/bank-of-baroda-links-retail-interest-rate-to-rbi-repo-rate-pr-660782.html
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