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#1
May 24th, 2012, 03:57 PM
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| RBI base rate system
Hi friends, do you know what the base rate is RBI (Reserve Bank of India) lending / Deposit Rates? Can anybody give me guidelines for the Base Rate? The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India has been examining the feasibility of mandating the use of external benchmark for determining interest rate on floating rate loans. Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Base rate is decided in order to enhance transparency in the credit market and ensure that banks pass on the lower cost of fund to their customers. The current Repo Rate as fixed by the RBI is 5.40%. Contact: Reserve Bank of India, Srinagar office, Amir Manzil, 1-C, Rajbagh, Srinagar(Jammu and Kashmir)190 008 Tel No. 0194-2312685, 2312854 Fax No. 0194- 2454249 Last edited by Neelurk; February 10th, 2020 at 03:01 PM. |
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#2
May 24th, 2012, 04:29 PM
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The Base Rate for lending / Deposit Rate is 10.00%-10.75%. Here I am giving you link from where you can get all the details, link is rbi.org.in/Scripts/bs_viewcontent.aspx?Id=2112
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#3
November 26th, 2019, 11:52 AM
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| Re: RBI base rate system
I am making project report on the topic Reserve Bank of India searching for some details. Will you provide Reserve Bank of India base rate system details along with RBI contacts?
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