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 9.95%.
The bank's minimum lending rate
will be raised to 6.750 percent, the minimum overdraft rate will be seven percent, and the minimum retail rate will be 7.500 percent.
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
at 1.5% per annum for NT dollar-based syndicated loans.
The drop in the minimum lending rate
of the Bank of England to only 1.5% is catastrophic for many such people.
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.
At the same time, the Bank of England announced that its minimum lending rate
would be 14 per cent.
India public sector lender, Oriental Bank of Commerce (OBC) (OBC) (500315.BO) (ORIENTBANK.NS), has said that it has reduced its base rate or minimum lending rate
by 0.05 percent to 9.45 percent effective October 3, 2017, The Asian Age has reported, citing a regulatory filing from the bank.