Explained: External Benchmarking
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- Опубликовано: 30 сен 2024
- The Reserve Bank of India (RBI) has proposed a major change in the way banks price their loans. Banks will now have to link the interest rates charged by them on different categories of loans to the external benchmarks instead of the used internal benchmarks, which is the norm now.
Under the new system which will come into effect from April 1, 2019, banks will have to link their lending rates with an external benchmark instead of MCLR. The RBI has given these options to banks: RBI repo rate, the 91-day T-bill yield; the 182-day T-bill yield; or any other benchmark market interest rate produced by the Financial Benchmarks India Pvt. Ltd.
One of these benchmarks will be used to decide the lending rate in addition to the spread, Banks will be free to decide their spread value but it will have to be fixed for the tenure of the loan. However, it can change if the credit score of the borrower changes. The interest rates under the new system will change every month.
#RBI
#ExternalBenchmarking
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Where can I get PDF of explained series ???
@vivek sharma : you just register at byjus wher you get PDF at free of cost and even they will mail you d moment they launched PDF...It S absolutely free of cost...
Under the new system which will come into effect from April 1, 2019, banks will have to link their lending rates with an external benchmark instead of MCLR. The RBI has given these options to banks: RBI repo rate, the 91-day T-bill yield; the 182-day T-bill yield; or any other benchmark market interest rate produced by the Financial Benchmarks India Pvt. Ltd.
One of these benchmarks will be used to decide the lending rate in addition to the spread, Banks will be free to decide their spread value but it will have to be fixed for the tenure of the loan. However, it can change if the credit score of the borrower changes. The interest rates under the new system will change every month.
Every month or every two months? I think it will change whenever repo changes. So is it not 2 months?
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Love from Kashmir.
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Please upload GSP as well
Benchmark ratios of indian banking industry
Could anyone help me on this topic
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such a good explanation ....tq very much sir
Personal category in housing loan is there,
Is it correct and housing loan interest is very low u say very high is it correct
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Thank you sir.
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Thanks a lot Sir!! Very beautifully explained.
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Mind blowing explanation sir. CCC(Crystal clear clarity)
Wonderful
Very Helpful
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Thank you sir
Figurative examples are very much good to understand.so please try to give this type of explaination
Thanks
Very nice sir
Awesome
Excellent explanation.Thank you so much Sir!
Please let me know where can I get PDF of explained series ????
Public k Liye interest rate increase Ni ho jaega sir. Please explain
Very useful, thanks!
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Really appreciate your teaching style...video very helpful to us for concept clearity😊 You explained in simplified and comprehensive way this important topic... Thank you so much Sir... 🙏🌹❤
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Thank you Sir..Nice explaination
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plz upload the subtitles for every video
Wonderfully explained!
Thank you.
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Very helpful,thanku so much sir
one of the best video on this topic
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Sir please also peovide pdf of explanations. Thank you
Such a beautiful & simple explanation . Really ur are an asset to byjus
When banks maintain SLR ? Do banks earn only on their investments in liquid assets or is there a interest given by RBI to bank for maintaining SLR?
Mostly SLR is maintained in g secs which provides interest
Superb explanation
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loved your explanations. Thank you.
THE BEST EXPLANATION!
helpful af
Please provide pdf
Pdf mila?
Just splendid ☺️
Thank you.
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Nice explanation sir
thank you very much sir
Thanks very much sir...
Thank you 😊
Pdf hai kya iska ?
you are exceptional !
sir where is the pdf?
after so many videos i watched in an attempt to understand this concept clearly, it was this one that took the trophy! it was explained so properly . Sir you indeed explain concepts in a clear, crisp and simple as hell manner .
More helpful to us sir
Excellent sir !!
sir pls provide pdf too
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Thank you sir...
thank you sir
Thank you sir.
Thanks Sir
Thank you sir
Sir, Please use full form to ahort form
Why profit margin is included in base rate and spread
Jai hind sir
Dear ,
Where can I get PDF of explained series
so much technical about BRR is seriously not required. might be necessary for banking exams!