https://www.taxtmi.com/news?id=3029 The Reserve Bank established a Base Rate system replacing the Bench Prime Lending Rate, requiring banks to price all loan categories with reference to the Base Rate announced after Board approval, and prohibiting lending below that minimum rate to enhance transparency and monetary policy transmission. en-us Tue, 27 Mar 2012 19:00:54 +0530 Tue, 27 Mar 2012 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3029 The Reserve Bank established a Base Rate system replacing the Bench Prime Lending Rate, requiring banks to price all loan categories with reference to the Base Rate announced after Board approval, and prohibiting lending below that minimum rate to enhance transparency and monetary policy transmission. News - Tue, 27 Mar 2012 19:00:54 +0530 https://www.taxtmi.com/news?id=3029