External Benchmark for Lending Facilities

All (Floating rate loan to Individuals and Micro, Small and Medium Enterprises) rupee loans sanctioned and credit limits renewed with effect from 1st October 2019 shall be priced with reference to the below rates for the respective benchmark as mentioned in sanction letter.

                                   
Effective Rate as of 8th May 2023
Repo Rate 6.50%

This is derived basis the rate applicable on 10th April 2023

                                   
Effective Rate as of 1st June 2023
1 Month MIBOR 7.12%
3 Month MIBOR 7.24%

This is derived basis the rate applicable on 10th May 2023