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.
- 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