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 7th July 2020
Repo Rate 4.00%

This is derived basis the rate applicable on 10th June 2020

Effective Rate as of 1st July 2020
1 Month MIBOR 4.35%
3 Month MIBOR 4.79%

This is derived basis the rate applicable on 10th June 2020