External Benchmark for Lending Facilities

All (Floating rate loan to Individual & Micro and Small Entities) 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 1st October 2019
Repo Rate 5.40%
1 Month MIBOR 5.82%
3 Month MIBOR 6.13%

This is derived basis the rate applicable on 11th September 2019