https://www.taxtmi.com/news?id=14788 Banks may set term and savings deposit interest rates subject to board approval, with a mandatory uniform rate for savings up to one lakh and permissible differentiated rates above that without customer discrimination. The Base Rate framework deregulated rupee lending rates, allowing banks to determine spreads, risk premia and other pricing elements while preserving defined exceptions where loans can be priced without reference to the Base Rate. Banks are required to maintain Board-approved loan recovery policies and use statutory recovery mechanisms, supplemented by early-detection systems to improve asset quality. en-us Fri, 31 Jul 2015 16:57:50 +0530 Fri, 31 Jul 2015 16:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14788 Banks may set term and savings deposit interest rates subject to board approval, with a mandatory uniform rate for savings up to one lakh and permissible differentiated rates above that without customer discrimination. The Base Rate framework deregulated rupee lending rates, allowing banks to determine spreads, risk premia and other pricing elements while preserving defined exceptions where loans can be priced without reference to the Base Rate. Banks are required to maintain Board-approved loan recovery policies and use statutory recovery mechanisms, supplemented by early-detection systems to improve asset quality. News - Fri, 31 Jul 2015 16:57:50 +0530 https://www.taxtmi.com/news?id=14788