Floating Interest Rate
On 18th August, 2023, the Reserve Bank of India (RBI) asked all regulated entities (REs) to give personal loan borrowers an option to switch over from a floating rate to a fixed rate regime at the time of resetting interest rates.
RBI said that the borrowers will also be given the choice to opt for enhancement in EMI or elongation of the tenor.
- A floating interest rate is an interest rate that changes periodically.
- The rate of interest moves up and down, or "floats," reflecting economic or financial market conditions.
- The change in interest rate with a floating rate loan ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 MSP for Jute
- 2 Tapti Basin Mega Recharge Project
- 3 Kaleshwaram Lift Irrigation Project
- 4 QNB Opens Branch in Gujarat
- 5 National Bank for Financing Infrastructure and Development
- 6 Apparel Export Promotion Council (AEPC)
- 7 International Buyer-Seller Meet 2025
- 8 Land Port
- 9 Financial Fraud Risk Indicator
- 10 India’s Port Sector’s Milestones in FY 2024-25
- 1 ‘A-HELP’ Program
- 2 Hydroponics
- 3 Non-Deliverable Forwards (NDF)
- 4 Compulsorily Convertible Debentures (CCDs)
- 5 Incremental Cash Reserve Ratio (ICRR)
- 6 Public Tech Platform for Frictionless Credit
- 7 RBI Revises Guidelines for Infrastructure Debt Funds (IDF-NBFCs)
- 8 Surety Insurance Bond
- 9 RBI Launches UDGAM Portal
- 10 Bharat New Car Assessment Program
