Sunday, Sep 27, 2020 | Last Update : 09:40 AM IST

186th Day Of Lockdown

Maharashtra130045899280634761 Andhra Pradesh6614585881695606 Tamil Nadu5693705138369148 Karnataka5572124503028417 Uttar Pradesh3785333136865450 Delhi2644502284365147 West Bengal2410592110204665 Odisha201059165432820 Telangana1838661524411091 Bihar175898161510881 Assam167374136712625 Kerala160935111327636 Gujarat1303911105923394 Rajasthan1247301042881412 Haryana1205781012731273 Madhya Pradesh117588932382152 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   In Other News  24 Sep 2019  SBI to link all new floating loans to repo

SBI to link all new floating loans to repo

THE ASIAN AGE. | FALAKNAAZ SYED
Published : Sep 24, 2019, 1:43 am IST
Updated : Sep 24, 2019, 1:43 am IST

The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.

The country’s largest lender State Bank of India (SBI) will use the repo rate as the external benchmark to price all new floating rate loans for Micro, Small & Medium Enterprises (MSMEs), housing and retail loans effective October 1 in line with the central bank’s notification.
 The country’s largest lender State Bank of India (SBI) will use the repo rate as the external benchmark to price all new floating rate loans for Micro, Small & Medium Enterprises (MSMEs), housing and retail loans effective October 1 in line with the central bank’s notification.

Mumbai: The country’s largest lender State Bank of India (SBI) will use the repo rate as the external benchmark to price all new floating rate loans for Micro, Small & Medium Enterprises (MSMEs), housing and retail loans effective October 1 in line with the central bank’s notification. The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.

SBI had introduced floating rate home loans effective July 1, 2019 but had later withdrawn it. “A few modifications have been made in the scheme effective October 1, 2019 to comply with the latest regulatory guidelines,” the bank said.

 

Effective September 1, 2019, the SBI Repo Linked Lending Rate (RLLR) is 7.65 per cent. The effective RLLR linked home loan, however, will depend on the loan amount, loan-to-value of the loan and the risk group of the borrower.

Tags: state bank of india, msme sector