December 24, 2024 06:58 am (IST)
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Banks seek RBI nod for new swap benchmark to replace MIBOR

Banks seek RBI nod for new swap benchmark to replace MIBOR

Dec 23, 2024, at 07:43 pm

Mumbai: A group of Indian banks has approached the Reserve Bank of India (RBI) seeking approval for a new benchmark to be used in overnight indexed swaps, according to individuals familiar with the discussions, according to a Bloomberg report.