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Guidelines on the Base Rate


 Notice Date : 06 January 2011

 Guidelines on the Base Rate

 

RBI/2010-11/361

DBOD.No.Dir.BC.73/13.03.00/2010-11

January 6, 2011

 

All Scheduled Commercial Banks

(excluding RRBs)

 

Dear Sir / Madam,

 

Guidelines on the Base Rate

 

Please refer to our circular DBOD.No.Dir.BC.88/13.03.00/2009-10 dated April 9, 2010.

 

2. In partial modification of paragraph 2(iii) of the above mentioned circular, we advise that banks are permitted to change the benchmark and methodology used in the computation of Base Rate for a further period of six months i.e. upto June 30, 2011.

 

Yours faithfully,

(P. R. Ravi Mohan)

Chief General Manager

 

Guest
on 07 January 2011
Notification No : DBOD.No.Dir.BC.73/13.03.00/2010-11
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