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IDBI Bank introduces Repo Linked Lending and Bulk Deposit Rates

By NE Reporter on October 6, 2019

MUMBAI:
IDBI Bank has decided to adopt Reserve Bank of India’s Policy Repo rate as an external Benchmark. Accordingly all Floating rate Retail and MSE Loans shall be linked to the Policy Repo Rate and any changes in the Policy Repo rate by the central bank would be passed on to the customers. Further details shall be made available on the website. The rates are applicable w.e.f. October 01, 2019.

Iscea

NE Reporter

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