Benchmark Rates: A Brief History Oct 1960 For the first time, RBI prescribes a minimum lending rate
March 1968 Maximum lending rate introduced January 1970 Minimum lending rate
re-introduced January 2003 Benchmark Prime Lending Rate (PLR) introduced July 2010 A new base rate introduced, replacing the PLR.
This increase means their minimum lending rates
are now on a par with ICICI Bank's and Kotak Mahindra Bank's 10%, and higher than Canara Bank's 9.
5, 2010 (CENS)--To comply with the government's policy of raising interest rates, Taiwan's eight government-linked banks recently agreed to set the minimum lending rate
The drop in the minimum lending rate
of the Bank of England to only 1.
Interest rates soared as the big banks followed the Bank of England's lead in setting the Minimum Lending Rate
1972 -- The bank rate was abolished, to be called instead the minimum lending rate
Bank of Thailand will adjust its overnight interbank interest rate to between the deposit rate and minimum lending rate
bidding to slow capital outflow and encourage more inflow into the Thai economy, new central bank Governor Pridiyathorn Devekula said Monday.
India's largest lender, State Bank of India (SBI), has announced to increase its base rate or minimum lending rate
by 20 basis points from Thursday.