All You Need To Know About Citibank's T-Bill-Linked Home Loan
Now that the Reserve Bank of India has mandated banks to switch to an external benchmark to offer home and auto loans from April 1 next year, one expects the market to be soon filled with such products. Home-grown banks would simply be doing in the country what a global giant has already done. US-based banking major Citi in March this year launched India’s first market benchmark rate-linked lending product. Here's all you need to know about the product.