Reserve Bank of India appoints Committee to Link Home Loan Rates to Repo Rate

Posted on:26 Aug 2017 13:08:15
Reserve Bank of India appoints Committee to Link Home Loan Rates to Repo Rate
26 August 2017 Current Affairs: Reserve Bank of India appointed committee on Household Finance suggested that banks link their home loan rates to the RBI's repo rate, the rate at which it lends to banks.

In the past three years, the central bank has reduced the policy rate by 200 basis points, but the weighted average lending rates have fallen by 145 basis points.

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