INSUBCONTINENT EXCLUSIVE:
SBI said the change will impact floating rate loans for small businesses, home and retail loansState Bank of India (SBI) said on Monday that
it would adopt the repo rate as external benchmark for all its floating rate-based loans from October 1
repo-linked home loan scheme)State Bank of India also said it voluntarily extended the external benchmark-based lending to medium
enterprises, in order to boost lending to the MSME (Ministry of Micro, Small and Medium Enterprises) sector.The bank - which had
benchmark market interest rate published by the Financial Benchmarks India.( SBI now pays these interest rates on fixed deposits)"It has
been observed that due to various reasons, the transmission of policy rate changes to the lending rate of banks under the current MCLR
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