The bank offers floating rate loans linked to MIBOR (Mumbai Inter Bank Offer Rate) and subject to change every quarter. The Bank picks up 3 month MIBOR rate as on 15th of March, June, Sept and December and the same would be applicable for ensuing Quarter commencing from 1st April, 1st July, 1st Oct, and 1st Jan respectively.
Click on the link for present 3-month MIBOR index:
http://www.nseindia.com/content/debt/debt_mibidborday.htm
|