Date :- 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.
2. 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.
(P. R. Ravi Mohan)
Chief General Manager