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Sixty one per cent of floating rate loans linked to EBLR as of Dec 2024
BS Web Team
Around 61 per cent of the total loans are linked to an external benchmark while loans linked to marginal cost of funds based lending rate (MCLR) has reduced to 36 per cent as of December 2024, Reserve Bank of India (RBI) annual report revealed. The share of EBLR-linked loans in total outstanding floating rate loans of PSBs stood at 44.6 per cent, whereas it was 85.9 per cent for private sector lenders as at end-December 2024. The share of MCLR and other legacy rate loans was significantly higher in public sector banks as compared to private sector banks.
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Mint
31 minutes ago
- Mint
Bank holidays next week, Aug 10-17: From Independence Day to Janmashtami, Krishna Jayanthi, weekends. See full schedule
Bank holidays next week, August 10-17, 2025: The Reserve Bank of India's full schedule for August 2025 is out and among the days which banks will be closed next week include Independence Day, Janmashtami, Krishna Jayanthi, Patriot's Day, besides the weekly offs on Saturdays and Sundays. Overall, the month has a total of 15 listed holidays, including Independence Day, Ganesh Chaturthi and Janmashtami, besides other regional celebrations, and the weekly Saturday and Sunday offs. All banks in India, public and private, have the second and fourth Saturdays as a holiday and all Sundays in the month are weekly offs. You should note that holidays may differ across states in India due to regional and local requirments. It is thus best to check with your local bank branch for their holiday schedule or list ahead of time to be properly informed and make preparations in case of emergencies or long weekends. August 10 — (Sunday) — Banks across India closed for Sunday weekend holiday. August 13 — (Wednesday) — Banks in Imphal (Manipur) closed for Patriot's Day. August 15 — (Friday) — Banks across India closed for Independence Day and Parsi New Year (Shahenshahi) and Janmashtami celebrations. August 16 — (Saturday) — Banks in Ahmedabad (Gujarat), Aizawl (Mizoram), Bhopal and Ranchi (Madhya Pradesh), Chandigarh (UT), Chennai (Tamil Nadu), Dehradun (Uttarakhand), Gangtok (Sikkim), Hyderabad (Telangana), Jaipur (Rajasthan), Kanpur and Lucknow (Uttar Pradesh), Patna (Bihar), Raipur (Chhattisgarh), Shillong (Meghalaya), Jammu and Srinagar (Jammu and Kashmir), and Vijayawada (Andhra Pradesh) will be shut on account of Janmashtami (Shravan Vad-8) and Krishna Jayanthi. August 17 — (Sunday) — Banks across India closed for Sunday weekend holiday. You can continue to use online or mobile banking services even on national holidays — unless notified to users for technical or other reasons. For cash emergencies, ATMs are open for withdrawals, app and UPI function as usual. 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August 9 — (Saturday) — Banks in Ahmedabad (Gujatrat), Bhopal (Madhya Pradesh), Bhubaneshwar (Odisha), Dehradun (Uttarakhand), Jaipur (Rajasthan), Kanpur and Lucknow (Uttar Pradesh), and Shimla (Himachal Pradesh) to be closed on account of Raksha Bandhan and Jhulana Purnima; and across India for second Saturday Holidays in August 2025 — Check full schedule August 3 — (Sunday) — Banks across India closed for Sunday weekend holiday. August 8 — (Friday) — Banks in Gangtok (Sikkim) to be closed for Tendong Lho Rum Faat. August 9 — (Saturday) — Banks in Ahmedabad (Gujatrat), Bhopal (Madhya Pradesh), Bhubaneshwar (Odisha), Dehradun (Uttarakhand), Jaipur (Rajasthan), Kanpur and Lucknow (Uttar Pradesh), and Shimla (Himachal Pradesh) to be closed on account of Raksha Bandhan and Jhulana Purnima; and across India for second Saturday holiday. August 10 — (Sunday) — Banks across India closed for Sunday weekend holiday. August 13 — (Wednesday) — Banks in Imphal (Manipur) closed for Patriot's Day. 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India.com
2 hours ago
- India.com
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Economic Times
3 hours ago
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