From April 2019, Home Loan Floating Rates to be decided by markets:

Borrowers can now expect more fairplay when it comes to pricing of home loans which will now be decided by markets rather than banks. 

The RBI said on Wednesday that from April 2019, it will be mandatory for Banks to link all Floating Rate Loans which are extended to individuals and small buiness, to external benchmarks. This benchmark can be RBI'srepo rate, yield on 91-day or 181-day treasury bill or any other yardstick produced by the Financial Benchmarks of India.

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